Resolution Minerals Ltd. (NASDAQ:RML) Sees Large Growth in Short Interest

Resolution Minerals Ltd. (NASDAQ:RML) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 41,724 shares. Based on an average trading volume of 210,377 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the shares of the stock are sold short.

Resolution Minerals Price Performance

Shares of RML stock traded up $0.02 during trading hours on Wednesday, reaching $5.82. The company had a trading volume of 4,494 shares, compared to its average volume of 165,948. Resolution Minerals has a 1-year low of $5.66 and a 1-year high of $14.75.

Analysts Set New Price Targets

RML has been the topic of several analyst reports. Zacks Research upgraded Resolution Minerals to a “hold” rating in a report on Thursday, September 17th. Noble Financial upgraded shares of Resolution Minerals to a “strong-buy” rating in a research note on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

About Resolution Minerals

Resolution Minerals Limited is a mineral exploration company focused on identifying and evaluating deposits of gold, copper and uranium. The company is an exploration-stage business rather than a mining producer, and its activities generally include geological surveying, drilling, resource assessment and project development.

Resolution Minerals has held exploration interests in Australia and the United States. Its portfolio has included the 64North Gold Project in Alaska, located in a region with established gold production, as well as uranium and other mineral exploration opportunities in Australia.