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

Prime Mining Corp. (OTCMKTS:PRMNF) was the recipient of a significant decline in short interest during 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 days-to-cover ratio is currently 28.9 days.

Prime Mining Trading Down 6.3 %

Shares of OTCMKTS:PRMNF traded down $0.10 during mid-day trading on Monday, reaching $1.41. The company had a trading volume of 9,000 shares, compared to its average volume of 21,399. The company’s 50-day moving average price is $1.26 and its 200-day moving average price is $1.40. Prime Mining has a one year low of $0.67 and a one year 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.