Peruvian Metals Corp (OTCMKTS:DUVNF) Sees Significant Growth in Short Interest

Peruvian Metals Corp (OTCMKTS:DUVNF) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 111,700 shares, an increase of 261.6% from the June 15th total of 30,887 shares. Based on an average daily volume of 121,762 shares, the short-interest ratio is currently 0.9 days.

Peruvian Metals Stock Performance

DUVNF traded down $0.01 on Monday, hitting $0.13. 74,043 shares of the company were exchanged, compared to its average volume of 103,917. The stock’s fifty day moving average is $0.16 and its 200-day moving average is $0.12. Peruvian Metals has a 12 month low of $0.01 and a 12 month high of $0.24.

Peruvian Metals Company Profile

Peruvian Metals Corp is a Canada-based mineral exploration company focused on the acquisition, exploration and development of copper, gold, silver and molybdenum porphyry projects in Peru. The company holds three principal projects—Breapampa, Huacrón and Parihuanca—located in the southern highlands of Peru, each of which lies within proven mining districts and exhibits evidence of porphyry-style mineralization. Peruvian Metals employs systematic mapping, surface sampling and geophysical surveys to define drill targets and advance its projects toward resource delineation.

The Breapampa and Huacrón projects are being advanced under a joint‐venture agreement with a major international mining group, whereby Peruvian Metals can earn up to a 70% interest through staged exploration expenditures and work commitments.