Sayona Mining Limited (OTCMKTS:SYAXF) Short Interest Update

Sayona Mining Limited (OTCMKTS:SYAXF) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 291,080 shares, a decline of 12.3% from the December 31st total of 331,898 shares. Based on an average daily volume of 50,561 shares, the days-to-cover ratio is currently 5.8 days. Based on an average daily volume of 50,561 shares, the days-to-cover ratio is currently 5.8 days.

Sayona Mining Trading Up 0.9%

SYAXF opened at $4.38 on Tuesday. The firm’s fifty day moving average is $4.96 and its two-hundred day moving average is $3.39. Sayona Mining has a twelve month low of $0.94 and a twelve month high of $6.87.

Sayona Mining Company Profile

Sayona Mining Inc (OTCMKTS:SYAXF) is a mineral exploration and development company focused on advancing high-grade lithium projects in North America and Australia. The company’s principal activities include the exploration, evaluation and development of lithium deposits to supply the growing demand for lithium-ion batteries in electric vehicles and energy storage systems. Sayona aims to establish a vertically integrated supply chain for lithium concentrate production and downstream processing.

In Canada, Sayona Mining controls several key projects in the province of Quebec, including the fully permitted Authier Lithium Project and the Moblan Lithium Project near the James Bay region.