Spearmint Resources Inc. (OTCMKTS:SPMTF) Sees Large Increase in Short Interest

Spearmint Resources Inc. (OTCMKTS:SPMTF) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 17,500 shares, an increase of 62.0% from the August 31st total of 10,800 shares. Based on an average daily volume of 11,490 shares, the days-to-cover ratio is presently 1.5 days.

Spearmint Resources Stock Performance

Spearmint Resources stock opened at $0.04 on Thursday. Spearmint Resources has a twelve month low of $0.03 and a twelve month high of $0.15. The business has a fifty day moving average of $0.04 and a two-hundred day moving average of $0.05.

Spearmint Resources Company Profile

Spearmint Resources Inc is a junior mineral exploration company focused on acquiring and advancing mineral properties in North America. The company’s activities are centered on the exploration of lithium and other prospective minerals rather than the production or sale of commodities.

Spearmint’s portfolio has included lithium exploration properties in Nevada, particularly in and around the Clayton Valley region, one of the United States’ established lithium districts. Its projects have included lithium clay and brine targets that require additional exploration, sampling, drilling and technical evaluation to determine their economic potential.

The company has also pursued mineral exploration opportunities in Canada, including properties prospective for precious or base metals.