Resolute Mining Limited (OTCMKTS:RMGGF) Short Interest Up 302.3% in May

Resolute Mining Limited (OTCMKTS:RMGGF) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 1,605,300 shares, a growth of 302.3% from the April 30th total of 399,061 shares. Based on an average daily trading volume, of 10,627 shares, the short-interest ratio is presently 151.1 days.

Resolute Mining Price Performance

Shares of Resolute Mining stock remained flat at $0.84 on Friday. 500 shares of the stock were exchanged, compared to its average volume of 14,407. The firm’s 50-day moving average price is $0.92 and its 200 day moving average price is $0.88. Resolute Mining has a 52-week low of $0.33 and a 52-week high of $1.22.

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.