Perseus Mining Limited (OTCMKTS:PMNXF) Sees Large Drop in Short Interest

Perseus Mining Limited (OTCMKTS:PMNXF) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 246,600 shares, a drop of 47.5% from the September 15th total of 469,900 shares. Based on an average trading volume of 27,000 shares, the short-interest ratio is presently 9.1 days. Based on an average trading volume of 27,000 shares, the short-interest ratio is presently 9.1 days.

Perseus Mining Stock Performance

OTCMKTS PMNXF opened at $3.00 on Thursday. Perseus Mining has a 12 month low of $1.52 and a 12 month high of $3.49. The company’s 50 day moving average is $2.86 and its two-hundred day moving average is $2.47.

About Perseus Mining

Perseus Mining Limited, together with its subsidiaries, explores, evaluates, develops, and mines for gold properties in West Africa. The company holds interests in the Edikan gold mine project located in Ghana; and the Sissingué and Yaouré gold mine projects located in Republic of Côte d’Ivoire. It also holds 70% interest in the Meyas Sand gold project in Sudan.