Euro Manganese Inc. (OTCMKTS:EUMNF – Get Free Report) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 44,488 shares, a growth of 108.8% from the July 15th total of 21,308 shares. Based on an average daily volume of 33,935 shares, the days-to-cover ratio is currently 1.3 days.
Euro Manganese Price Performance
Euro Manganese stock opened at $0.07 on Monday. The firm has a 50 day simple moving average of $0.07 and a 200-day simple moving average of $0.10. Euro Manganese has a 1-year low of $0.04 and a 1-year high of $0.33.
About Euro Manganese
Euro Manganese Inc is a Canada-based company focused on the development of the Chvaletice Manganese Project, located approximately 60 kilometers east of Prague in the Czech Republic. The project aims to repurpose historic tailings from a former pyrite mine into high-purity manganese products for the rapidly growing lithium-ion battery market. Using a proprietary hydrometallurgical process, Euro Manganese plans to extract and refine manganese from these tailings, reducing environmental footprint compared to traditional hard-rock mining methods.
The company’s principal product is high-purity manganese sulfate monohydrate (HPMSM), a critical precursor for cathode manufacturing in electric vehicle (EV) batteries and energy storage systems.
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