Resolute Mining Limited (OTCMKTS:RMGGF) Short Interest Down 46.4% in August

Resolute Mining Limited (OTCMKTS:RMGGF) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 3,228,499 shares, a decrease of 46.4% from the July 30th total of 6,024,331 shares. Based on an average trading volume of 1,481 shares, the days-to-cover ratio is presently 2,179.9 days.

Resolute Mining Price Performance

Shares of OTCMKTS:RMGGF opened at $1.02 on Friday. The firm has a 50 day moving average of $0.74 and a 200 day moving average of $0.86. Resolute Mining has a 52 week low of $0.44 and a 52 week high of $1.22.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada began coverage on shares of Resolute Mining in a research report on Friday, August 7th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Resolute Mining Company Profile

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.