Spearmint Resources Inc. (OTCMKTS:SPMTF) Sees Significant Growth in Short Interest

Spearmint Resources Inc. (OTCMKTS:SPMTF) saw a large increase in short interest in the month of 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 trading volume of 11,490 shares, the days-to-cover ratio is presently 1.5 days.

Spearmint Resources Price Performance

Spearmint Resources stock remained flat at $0.04 during trading hours on Wednesday. 133 shares of the company’s stock traded hands, compared to its average volume of 73,685. The business’s 50-day simple moving average is $0.04 and its 200-day simple moving average is $0.05. Spearmint Resources has a 12 month low of $0.03 and a 12 month high of $0.15.

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.