Resolute Mining Limited (OTCMKTS:RMGGF) Sees Large Drop in Short Interest

Resolute Mining Limited (OTCMKTS:RMGGF) saw a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 310,789 shares, a drop of 75.6% from the February 12th total of 1,272,753 shares. Based on an average daily trading volume, of 102,689 shares, the days-to-cover ratio is presently 3.0 days. Based on an average daily trading volume, of 102,689 shares, the days-to-cover ratio is presently 3.0 days.

Resolute Mining Stock Performance

RMGGF remained flat at $0.99 on Tuesday. 1,100 shares of the company were exchanged, compared to its average volume of 19,662. Resolute Mining has a twelve month low of $0.25 and a twelve month high of $1.22. The firm’s fifty day simple moving average is $0.95 and its two-hundred day simple moving average is $0.76.

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.