Short Interest in Manganese X Energy Corp. (OTCMKTS:MNXXF) Expands By 36,614.3%

Manganese X Energy Corp. (OTCMKTS:MNXXF) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 12,850 shares, an increase of 36,614.3% from the May 14th total of 35 shares. Based on an average trading volume of 66,936 shares, the short-interest ratio is presently 0.2 days.

Manganese X Energy Trading Down 7.5%

Shares of MNXXF stock traded down $0.01 on Tuesday, hitting $0.08. 209,201 shares of the stock traded hands, compared to its average volume of 101,039. Manganese X Energy has a twelve month low of $0.03 and a twelve month high of $0.13. The firm’s 50-day moving average price is $0.08 and its two-hundred day moving average price is $0.09.

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.