MMEX Resources Co. (OTCMKTS:MMEX) Short Interest Update

MMEX Resources Co. (OTCMKTS:MMEX – Get Rating) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 14,300 shares, a decline of 43.5% from the April 15th total of 25,300 shares. Based on an average trading volume of 93,000 shares, the days-to-cover ratio is presently 0.2 days.

MMEX traded up 0.01 on Friday, reaching 0.11. 45,600 shares of the stock were exchanged, compared to its average volume of 54,288. The company’s 50-day moving average price is 0.16 and its 200 day moving average price is 0.28. MMEX Resources has a fifty-two week low of 0.10 and a fifty-two week high of 15.00.

About MMEX Resources (Get Rating)

MMEX Resources Corporation, a development-stage company, focuses on the acquisition, development, and financing of oil, gas, refining, and infrastructure projects in Texas and South America. It intends to develop solar energy to power multiple planned projects producing hydrogen and ultra-low sulfur fuels combined with carbon dioxide capture in Texas.

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