Pure Energy Minerals Limited (OTCMKTS:PEMIF) Sees Large Decline in Short Interest

Pure Energy Minerals Limited (OTCMKTS:PEMIF) was the target of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 400 shares, a decrease of 96.3% from the October 31st total of 10,900 shares. Based on an average daily volume of 57,100 shares, the short-interest ratio is currently 0.0 days.

Pure Energy Minerals Trading Up 2.1 %

Shares of PEMIF stock traded up $0.00 during trading hours on Thursday, reaching $0.22. 12,153 shares of the company’s stock were exchanged, compared to its average volume of 21,211. The stock’s 50 day moving average is $0.22 and its 200-day moving average is $0.23. The company has a market cap of $7.47 million, a price-to-earnings ratio of -7.33 and a beta of 1.18. Pure Energy Minerals has a fifty-two week low of $0.15 and a fifty-two week high of $0.41.

Pure Energy Minerals (OTCMKTS:PEMIF) last posted its quarterly earnings results on Tuesday, October 22nd. The basic materials company reported ($0.01) EPS for the quarter. Pure Energy Minerals had a negative net margin of 152.74% and a negative return on equity of 2.32%. The business had revenue of $0.10 million during the quarter.

About Pure Energy Minerals

Pure Energy Minerals Limited acquires, explores, and develops mineral properties. Its primary project is the Clayton Valley lithium brine project located in Clayton Valley, Esmeralda County, Nevada. The company was formerly known as Harmony Gold Corp. and changed its name to Pure Energy Minerals Limited in October 2012.