Alacer Gold Corp. (OTCMKTS:DPMLF) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 598,900 shares, a growth of 70.2% from the September 15th total of 351,800 shares. Based on an average daily volume of 44,700 shares, the days-to-cover ratio is currently 13.4 days.
Shares of Alacer Gold stock opened at $7.65 on Friday. The company has a market capitalization of $1.39 billion and a P/E ratio of 255.00. The business has a 50-day moving average price of $7.28. Alacer Gold has a one year low of $2.37 and a one year high of $8.32.
Alacer Gold (OTCMKTS:DPMLF) last announced its earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter. The business had revenue of $157.00 million during the quarter. Alacer Gold had a net margin of 1.28% and a return on equity of 17.73%.
About Alacer Gold
Dundee Precious Metals Inc, a gold mining company, engages in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. The company's operating assets include the Chelopech operation, which produces a gold-copper concentrate containing gold, copper, and silver and a pyrite concentrate containing gold located east of Sofia, Bulgaria; the Ada Tepe operation, which produces a gold concentrate containing gold and silver located in southern Bulgaria; and the Tsumeb smelter, a complex copper concentrate processing facility located in Namibia.
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