Manganese X Energy Corp. (OTCMKTS:MNXXF – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 30,784 shares, an increase of 2,257.1% from the June 15th total of 1,306 shares. Based on an average trading volume of 153,741 shares, the days-to-cover ratio is currently 0.2 days.
Manganese X Energy Stock Up 5.1%
Shares of OTCMKTS MNXXF traded up $0.00 during midday trading on Friday, hitting $0.07. 27,496 shares of the company’s stock were exchanged, compared to its average volume of 99,958. The business’s fifty day moving average price is $0.08 and its two-hundred day moving average price is $0.09. Manganese X Energy has a 12-month low of $0.03 and a 12-month high of $0.13.
Manganese X Energy Company Profile
Manganese X Energy (OTCMKTS: MNXXF) is a mineral exploration and development company dedicated to advancing manganese projects for the battery and electric-vehicle markets. The company’s core focus is on identifying, acquiring and de-risking high-purity manganese deposits through systematic exploration, metallurgical testing and pilot-scale processing. By targeting manganese—a critical component in lithium-ion battery cathodes—Manganese X Energy aims to contribute to the growing demand for sustainable energy storage materials.
Through its technical programs, the company evaluates both hard-rock and oxide manganese occurrences, applying hydrometallurgical flowsheets to produce battery-grade manganese sulfate and other refined products.
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