Leading Edge Materials Corp. (OTCMKTS:LEMIF) Sees Significant Growth in Short Interest

Leading Edge Materials Corp. (OTCMKTS:LEMIF) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 49,154 shares, an increase of 138.8% from the June 30th total of 20,583 shares. Based on an average daily volume of 28,628 shares, the days-to-cover ratio is currently 1.7 days.

Leading Edge Materials Stock Performance

Shares of LEMIF stock traded down $0.01 during trading hours on Wednesday, hitting $0.20. 310 shares of the company were exchanged, compared to its average volume of 50,190. Leading Edge Materials has a one year low of $0.10 and a one year high of $0.32. The business’s 50-day simple moving average is $0.20 and its two-hundred day simple moving average is $0.21.

About Leading Edge Materials

Leading Edge Materials (OTCMKTS:LEMIF) is a resource company focused on the exploration and development of critical metals that play a key role in the transition to clean energy. The company’s primary activities center on advanced-stage projects for graphite and rare earth elements, as well as early?stage exploration assets targeting lithium and other technology metals. Through a combination of strategic acquisitions and greenfield discoveries, Leading Edge Materials aims to establish itself as a reliable supplier of battery?grade raw materials to global markets.

The company’s flagship asset is the Woxna Graphite Mine in central Sweden, one of Europe’s few operating graphite deposits.