Prime Mining Corp. (OTCMKTS:PRMNF) Sees Large Drop in Short Interest

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

Prime Mining Stock Performance

Shares of PRMNF traded down $0.10 during trading hours on Friday, hitting $1.41. The stock had a trading volume of 9,025 shares, compared to its average volume of 21,400. Prime Mining has a 1-year low of $0.67 and a 1-year high of $1.89. The firm has a 50 day simple moving average of $1.26 and a 200-day simple moving average of $1.40.

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.