Primero Mining Corp June 15th Short Interest Update

Primero Mining Corp (NYSE:PPP) encountered a rise of 71.6% or 823,412 shares in the short positions. The number escalated from 1,150,063 on May 31,2016 to 1,973,475 on June 15,2016. The final interest is 1.2% of the floated stock. The days to cover figure of 1 can be arrived using the average daily exchange of 1,511,501 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Primero Mining Corp (NYSE:PPP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.04 and $1.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.02, notching a gain of 4.12% for the day. The total traded volume was 2,600,841 . The stock had closed at $1.94 on the previous day.

The company shares have dropped -49.88% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $4.24 and the one year low was seen on Feb 18, 2016. The 50-Day Moving Average price is $1.86 and the 200 Day Moving Average price is recorded at $1.94.

Primero Mining Corp (NYSE:PPP) has climbed 1.51% in the past week and advanced 21.69% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.19% and the outperformance has advanced to 25.37% for the last 4 weeks period.

Primero Mining Corp. is a Canada-based precious metals producer. The Company is focused on building a portfolio of precious metals assets in the Americas through acquiring, exploring, developing and operating mineral resource properties. It operates in the Mexico and Canada segments. It owns two producing properties: the San Dimas gold-silver mine, located in Mexicos San Dimas district, on the border of Durango and Sinaloa states and the Black Fox mine located in the Township of Black River? Matheson, Ontario, Canada. The Company owns properties adjacent to the Black Fox mine: Grey Fox and Pike River, which together with the Black Fox mine and the Black Fox mill, located on the Stock Mill property, comprise the Black Fox Complex. In addition, it owns one development-stage project; the Cerro del Gallo gold-silver-copper project, located in the state of Guanajuato in central Mexico. Further, the Company has one exploration property, Ventanas, located in Durango State, Mexico.

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