Spearmint Resources Inc. (OTCMKTS:SPMTF) Sees Significant Drop in Short Interest

Spearmint Resources Inc. (OTCMKTS:SPMTF) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 11,435 shares, a decrease of 94.2% from the May 31st total of 195,639 shares. Based on an average trading volume of 65,557 shares, the short-interest ratio is presently 0.2 days.

Spearmint Resources Trading Down 4.2%

Shares of SPMTF traded down $0.00 on Friday, reaching $0.05. The stock had a trading volume of 62,500 shares, compared to its average volume of 83,483. Spearmint Resources has a 12-month low of $0.02 and a 12-month high of $0.15. The company has a 50-day simple moving average of $0.05 and a 200-day simple moving average of $0.06.

Spearmint Resources Company Profile

Spearmint Resources Ltd. is a Canadian-based junior mineral exploration company focused on the acquisition, exploration and development of gold and silver projects in North America. The company holds several exploration properties, most notably the Currans Pond Gold–Silver project in Newfoundland and the Silverton Silver–Gold project in Nevada. Through systematic geochemical sampling, geological mapping and targeted drilling programs, Spearmint Resources aims to define high-grade mineralized zones and advance its projects toward resource delineation.

At the Currans Pond project, Spearmint Resources has identified multiple showings of orogenic-style gold and polymetallic mineralization along favorable structural trends.