Spearmint Resources Inc. (OTCMKTS:SPMTF) Shares Shorted: Short Interest Down 65.7% in September

Spearmint Resources Inc. (OTCMKTS:SPMTF) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 6,000 shares, a decline of 65.7% from the September 15th total of 17,500 shares. Based on an average trading volume of 1,468 shares, the days-to-cover ratio is currently 4.1 days.

Spearmint Resources Trading Down 4.1%

Shares of Spearmint Resources stock opened at $0.04 on Wednesday. Spearmint Resources has a twelve month low of $0.03 and a twelve month high of $0.15. The company has a 50-day simple moving average of $0.04 and a two-hundred day simple moving average of $0.05.

About Spearmint Resources

Spearmint Resources Inc is a Canadian mineral exploration company focused primarily on the acquisition, evaluation and development of mineral properties in North America. The company’s exploration activities have centered on lithium, along with selected precious- and base-metal opportunities.

Spearmint’s portfolio has included lithium clay projects in Nevada’s Clayton Valley, a region recognized for its lithium exploration and production activity. The company has also pursued additional mineral properties and exploration targets in jurisdictions including Nevada and Canada, with work programs generally involving geological evaluation, sampling, drilling and resource assessment.

As an exploration-stage company, Spearmint Resources does not operate producing mines and remains dependent on exploration results, permitting and future development decisions.