Fortem Resources Inc. (OTCMKTS:FTMR) Sees Significant Decrease in Short Interest

Fortem Resources Inc. (OTCMKTS:FTMR) was the recipient of a large decrease in short interest during the month of May. As of May 28th, there was short interest totalling 500 shares, a decrease of 80.8% from the May 13th total of 2,600 shares. Based on an average trading volume of 900 shares, the short-interest ratio is presently 0.6 days.

Shares of FTMR stock remained flat at $$0.52 during trading hours on Friday. The stock has a 50-day simple moving average of $0.49. Fortem Resources has a one year low of $0.05 and a one year high of $1.24.

Fortem Resources Company Profile

Fortem Resources Inc engages in the acquisition, exploration, and development of oil and gas properties in Canada and the United States. It holds 100% interest in the Godin property covering an area of approximately 12,800 located in the Godin area of Northern Alberta. The company also holds 75% interest in the Black Dragon property covering an area of 150,178 acres located in the Moenkopi formation of the Carbon and Emery Counties, Utah; and 75% interest in the Rolling Rock Property covering an area of 130,942 acres located in the Mancos formation in the Southern Uinta Basin, Utah.

See Also: Return on Investment (ROI) Defined, Explained

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