Pure Gold Mining Inc. (OTCMKTS:LRTNF) Short Interest Down 52.6% in December

Pure Gold Mining Inc. (OTCMKTS:LRTNF) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 133,800 shares, a drop of 52.6% from the December 15th total of 282,000 shares. Based on an average daily trading volume, of 591,900 shares, the short-interest ratio is currently 0.2 days.

OTCMKTS LRTNF opened at $0.55 on Friday. The company has a 50 day moving average of $0.60 and a 200-day moving average of $0.79. Pure Gold Mining has a 1-year low of $0.49 and a 1-year high of $1.99.

Several equities research analysts recently weighed in on LRTNF shares. Stifel Europe reduced their target price on shares of Pure Gold Mining from C$1.40 to C$1.30 in a research note on Wednesday, January 5th. Desjardins cut shares of Pure Gold Mining from a “buy” rating to a “sell” rating in a research note on Monday, November 15th. Finally, Stifel Nicolaus cut shares of Pure Gold Mining from a “buy” rating to a “hold” rating in a research note on Friday, October 29th.

Pure Gold Mining Company Profile

Pure Gold Mining, Inc engages in the acquisition, exploration, and development of gold mineral deposits in Canada. Its projects include Madsen Red Lake Gold Project. The company was founded on November 14, 2005 and is headquartered in Vancouver, Canada.

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