Short Interest in Resolute Mining Limited (OTCMKTS:RMGGF) Expands By 21.7%

Resolute Mining Limited (OTCMKTS:RMGGF) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 8,186,600 shares, an increase of 21.7% from the October 31st total of 6,724,400 shares. Based on an average trading volume of 32,400 shares, the short-interest ratio is currently 252.7 days.

Resolute Mining Price Performance

OTCMKTS RMGGF opened at $0.27 on Monday. The company’s 50-day simple moving average is $0.44 and its two-hundred day simple moving average is $0.42. Resolute Mining has a one year low of $0.20 and a one year high of $0.59.

About Resolute Mining

Resolute Mining Limited engages in mining, prospecting, and exploration for minerals in Africa, the United Kingdom, and Australia. It is involved in mining gold and silver. The company's flagship project is the Syama Gold Mine located in Mali, West Africa. It also owns Mako Gold Mine in Senegal, West Africa.