Texas Mineral Resources Corp. (OTCMKTS:TMRC) Sees Significant Increase in Short Interest

Texas Mineral Resources Corp. (OTCMKTS:TMRC) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 4,132 shares, an increase of 543.6% from the April 15th total of 642 shares. Based on an average daily volume of 743,654 shares, the days-to-cover ratio is presently 0.0 days.

Texas Mineral Resources Trading Up 1.0%

OTCMKTS:TMRC traded up $0.01 during mid-day trading on Wednesday, hitting $1.04. The stock had a trading volume of 249,205 shares, compared to its average volume of 411,968. The company has a 50 day simple moving average of $0.84 and a 200-day simple moving average of $0.89. Texas Mineral Resources has a 52 week low of $0.46 and a 52 week high of $3.02.

Texas Mineral Resources Company Profile

Texas Mineral Resources Corp (OTCMKTS: TMRC) is a U.S.-based mineral exploration and development company focused on advancing gold projects in West Texas. The company’s flagship asset is the Howard County Gold Project, located near Big Spring, where it holds both patented and leased mineral rights. Texas Mineral Resources conducts systematic exploration, including drilling, trenching and resource modeling, with the goal of delineating and expanding near-surface oxide gold mineralization amenable to low-cost heap‐leach processing.

Since acquiring the Howard County property in 2013, the company has completed multiple phases of metallurgical testing and preliminary economic studies to optimize recovery methods and assess potential production scenarios.