Fortitude Gold Co. (OTCMKTS:FTCO) Sees Large Increase in Short Interest

Fortitude Gold Co. (OTCMKTS:FTCOGet Free Report) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 14,190 shares, a growth of 149.0% from the June 15th total of 5,699 shares. Based on an average trading volume of 96,238 shares, the days-to-cover ratio is presently 0.1 days.

Fortitude Gold Price Performance

FTCO stock traded up $0.02 during trading hours on Wednesday, reaching $4.77. 37,324 shares of the stock were exchanged, compared to its average volume of 59,739. The firm’s 50-day moving average is $4.84 and its 200-day moving average is $5.04. Fortitude Gold has a 12 month low of $3.43 and a 12 month high of $6.10.

Fortitude Gold Company Profile

(Get Free Report)

Fortitude Gold Corporation is a U.S.-based gold producer and exploration company traded on the OTC Markets under the symbol FTCO. The company’s principal asset is the Pan Mine, an open-pit, heap-leach gold operation located on the prolific Carlin Trend in Elko County, Nevada. Through its wholly owned subsidiary, Fortitude Gold Mining Company, it focuses on the extraction, processing and sale of gold dore bars to regional refineries.

The Pan Mine employs conventional open-pit mining techniques followed by carbon-in-leach processing to recover gold from low-grade ore.

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