Short Interest in Prime Mining Corp. (OTCMKTS:PRMNF) Drops By 18.4%

Prime Mining Corp. (OTCMKTS:PRMNF) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 596,700 shares, a drop of 18.4% from the December 31st total of 731,500 shares. Based on an average daily trading volume, of 33,800 shares, the days-to-cover ratio is presently 17.7 days.

Prime Mining Price Performance

Shares of OTCMKTS:PRMNF traded up $0.05 on Thursday, hitting $1.16. The company had a trading volume of 12,773 shares, compared to its average volume of 12,626. Prime Mining has a 1-year low of $0.83 and a 1-year high of $1.89. The stock has a 50 day moving average price of $1.06 and a 200 day moving average price of $1.20.

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.