Perseus Mining Limited (OTCMKTS:PMNXF) Sees Significant Decrease in Short Interest

Perseus Mining Limited (OTCMKTS:PMNXFGet Rating) was the target of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 1,552,500 shares, a drop of 19.3% from the May 15th total of 1,923,800 shares. Based on an average daily trading volume, of 84,800 shares, the short-interest ratio is currently 18.3 days.

Shares of OTCMKTS PMNXF traded up $0.06 during mid-day trading on Friday, hitting $1.30. The company had a trading volume of 41,868 shares, compared to its average volume of 25,190. The business’s 50-day simple moving average is $1.33 and its 200-day simple moving average is $1.24. Perseus Mining has a 12 month low of $0.91 and a 12 month high of $1.53.

About Perseus Mining (Get Rating)

Perseus Mining Limited explores, evaluates, develops, and mines for gold properties in West Africa. The company primarily holds interests in the Edikan gold mine project located in Ghana; and Sissingué and Yaoure gold projects located in Côte d'Ivoire. Perseus Mining Limited was incorporated in 2003 and is based in Subiaco, Australia.

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