Silver Elephant Mining Corp. (OTCMKTS:SILEF) Sees Large Decrease in Short Interest

Silver Elephant Mining Corp. (OTCMKTS:SILEF) was the target of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 17,437 shares, a decrease of 83.8% from the October 15th total of 107,826 shares. Based on an average daily trading volume, of 88,628 shares, the short-interest ratio is presently 0.2 days.

Silver Elephant Mining Stock Performance

SILEF stock traded down $0.01 during trading on Thursday, hitting $0.20. The company had a trading volume of 294,475 shares, compared to its average volume of 57,277. The firm has a 50-day moving average price of $0.11 and a 200-day moving average price of $0.12. Silver Elephant Mining has a 1-year low of $0.08 and a 1-year high of $0.29.

About Silver Elephant Mining

Silver Elephant Mining Corp. is a mineral exploration and development company focused on advancing precious- and base-metal projects. The company’s primary asset is the Pulacayo silver-lead-zinc project in Bolivia, a historic mining district with exploration and development potential. Silver Elephant also holds interests in the El Triunfo gold project in Baja California Sur, Mexico, and the Ulaan Ovoo coal project in Mongolia. Its activities generally include geological exploration, resource evaluation, permitting and assessing the economic potential of its mineral properties rather than operating a large-scale producing mine.