Resolute Mining Limited (OTCMKTS:RMGGF) Sees Large Increase in Short Interest

Resolute Mining Limited (OTCMKTS:RMGGF) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 1,605,300 shares, a growth of 302.3% from the April 30th total of 399,061 shares. Based on an average daily volume of 10,627 shares, the days-to-cover ratio is currently 151.1 days.

Resolute Mining Stock Performance

OTCMKTS RMGGF opened at $0.84 on Friday. Resolute Mining has a twelve month low of $0.33 and a twelve month high of $1.22. The stock’s 50 day moving average is $0.92 and its 200 day moving average is $0.88.

About Resolute Mining

Resolute Mining Limited, trading OTC under the symbol RMGGF, is an Australian‐based gold producer focused on the exploration, development and operation of gold mining assets across Africa and Australia. The company’s core activities include open‐pit and underground mining, ore processing and the sale of gold dore bars to regional refineries. Resolute’s vertically integrated approach encompasses the full mining lifecycle, from early‐stage exploration to sustained production and asset optimisation.

Resolute’s principal operating assets include the Syama Gold Mine in Mali, the Bibiani Gold Mine in Ghana, the Mako Gold Mine in Senegal and the Ravenswood Gold Mine in Queensland, Australia.