Short Interest in Pure Energy Minerals Limited (OTCMKTS:PEMIF) Decreases By 98.6%

Pure Energy Minerals Limited (OTCMKTS:PEMIF) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 300 shares, a drop of 98.6% from the December 15th total of 20,800 shares. Based on an average trading volume of 57,200 shares, the days-to-cover ratio is presently 0.0 days.

Pure Energy Minerals Stock Performance

Pure Energy Minerals stock opened at $0.19 on Tuesday. The stock has a market capitalization of $6.59 million, a P/E ratio of -6.47 and a beta of 1.18. The stock has a 50-day simple moving average of $0.21 and a 200 day simple moving average of $0.22. Pure Energy Minerals has a 52 week low of $0.15 and a 52 week high of $0.38.

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