Short Interest in Prime Mining Corp. (OTCMKTS:PRMNF) Drops By 21.4%

Prime Mining Corp. (OTCMKTS:PRMNF) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 675,600 shares, a drop of 21.4% from the September 30th total of 859,400 shares. Based on an average daily volume of 23,400 shares, the days-to-cover ratio is currently 28.9 days.

Prime Mining Stock Performance

PRMNF remained flat at $1.41 on Tuesday. 7,258 shares of the company traded hands, compared to its average volume of 21,399. Prime Mining has a 52 week low of $0.67 and a 52 week high of $1.89. The stock’s 50 day simple moving average is $1.26 and its 200 day simple moving average is $1.40.

Prime Mining Company Profile

Prime Mining Corp. engages in the acquisition, exploration, and development of mineral resource properties in Mexico. The company explores for gold and silver deposits. It primarily holds a 100% interest in the Los Reyes project that consists of 37 contiguous concessions covering an area of 6,273 hectares located in Sinaloa, Mexico.