Spearmint Resources Inc. (OTCMKTS:SPMTF) Shares Shorted: Short Interest Down 83.3% in October

Spearmint Resources Inc. (OTCMKTS:SPMTF) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,000 shares, a decline of 83.3% from the September 30th total of 6,000 shares. Based on an average trading volume of 24,137 shares, the short-interest ratio is presently 0.0 days.

Spearmint Resources Price Performance

OTCMKTS SPMTF remained flat at $0.03 on Wednesday. 161,470 shares of the company traded hands, compared to its average volume of 70,330. Spearmint Resources has a 1-year low of $0.03 and a 1-year high of $0.15. The firm’s fifty day simple moving average is $0.04 and its 200 day simple moving average is $0.05.

About Spearmint Resources

Spearmint Resources Inc is a Canadian mineral exploration company focused primarily on the acquisition, evaluation and development of mineral properties in North America. The company’s exploration activities have centered on lithium, along with selected precious- and base-metal opportunities.

Spearmint’s portfolio has included lithium clay projects in Nevada’s Clayton Valley, a region recognized for its lithium exploration and production activity. The company has also pursued additional mineral properties and exploration targets in jurisdictions including Nevada and Canada, with work programs generally involving geological evaluation, sampling, drilling and resource assessment.

As an exploration-stage company, Spearmint Resources does not operate producing mines and remains dependent on exploration results, permitting and future development decisions.