Stellar AfricaGold Inc. (OTCMKTS:STLXF) Sees Large Increase in Short Interest

Stellar AfricaGold Inc. (OTCMKTS:STLXF) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 39,083 shares. Based on an average trading volume of 106,851 shares, the days-to-cover ratio is presently 0.4 days.

Stellar AfricaGold Price Performance

Stellar AfricaGold stock opened at $0.06 on Friday. The stock’s 50 day moving average is $0.07 and its 200 day moving average is $0.07. Stellar AfricaGold has a one year low of $0.03 and a one year high of $0.14.

About Stellar AfricaGold

Stellar AfricaGold Inc is a mineral exploration company focused on the acquisition, evaluation and advancement of gold and other precious-metals properties in Africa. The company’s activities are centered on exploration rather than mining or the production and sale of metals.

Stellar AfricaGold has historically pursued exploration opportunities in Morocco and Côte d’Ivoire, including the Tichka Est gold project in Morocco. Its work may include geological mapping, sampling, drilling and other programs designed to assess the mineral potential of its properties.

The company is an exploration-stage business, and the development of any project depends on exploration results, permitting, financing and other technical and commercial factors.