PROPHECY DEV CORP COMMON SHARES (OTCMKTS:PRPCF)’s Trend Unknown, Especially After Increased Shorts

August 10, 2018 - By Ann Prendergast

Prophecy Development Corp. (OTCMKTS:PRPCF) Logo

The stock of PROPHECY DEV CORP COMMON SHARES (OTCMKTS:PRPCF) registered an increase of 5300% in short interest. PRPCF’s total short interest was 5,400 shares in August as published by FINRA. Its up 5300% from 100 shares, reported previously. With 7,400 shares average volume, it will take short sellers 1 days to cover their PRPCF’s short positions.

The stock increased 0.82% or $0.0015 during the last trading session, reaching $0.1845. About 28,400 shares traded or 103.70% up from the average. Prophecy Development Corp. (OTCMKTS:PRPCF) has 0.00% since August 10, 2017 and is . It has underperformed by 12.57% the S&P500.

Prophecy Development Corp. engages in the exploration and development of mining properties and energy projects in Canada, Mongolia, and Bolivia. The company has market cap of $14.94 million. The firm primarily explores for coal, silver, lead, and zinc deposits. It currently has negative earnings. The Company’s principal properties comprise the Ulaan Ovoo Property covering an area of approximately 790 hectares located in Selenge province, Northern Mongolia; the Khavtgai Uul coal property that covers an area of approximately 1,636 hectares located in the southwest portion of the Nyalga coal basin, Mongolia; the Chandgana Tal property located in the northeast portion of the Nyalga coal basin, Mongolia; and the Pulacayo project consisting of various licenses located in south western Bolivia.

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