Prime Mining Corp. (OTCMKTS:PRMNF) Sees Significant Decline in Short Interest

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

Prime Mining Price Performance

Shares of PRMNF stock traded down $0.10 during trading hours on Monday, reaching $1.41. The stock had a trading volume of 9,000 shares, compared to its average volume of 21,399. The stock’s fifty day simple moving average is $1.26 and its 200 day simple moving average is $1.40. Prime Mining has a 12 month low of $0.67 and a 12 month high of $1.89.

About Prime Mining

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.