U.S. GoldMining Inc. (NASDAQ:USGOW) Sees Large Increase in Short Interest

U.S. GoldMining Inc. (NASDAQ:USGOW) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 17,596 shares, an increase of 2,233.7% from the April 15th total of 754 shares. Based on an average daily trading volume, of 472,370 shares, the days-to-cover ratio is currently 0.0 days.

U.S. GoldMining Stock Down 16.8%

Shares of U.S. GoldMining stock traded down $0.06 during trading on Wednesday, hitting $0.28. 32,458 shares of the stock traded hands, compared to its average volume of 120,042. U.S. GoldMining has a twelve month low of $0.02 and a twelve month high of $5.00. The company has a fifty day moving average price of $0.57 and a two-hundred day moving average price of $0.82.

About U.S. GoldMining

U.S. GoldMining Inc (NASDAQ: USGOW) is a North American mineral exploration and development company focused on advancing gold and precious metal projects in the United States and Canada. The company’s flagship asset is the Whistler gold project, situated in Idaho’s historic Silver Valley mining district, where it is working to expand and delineate a significant gold resource. In addition to Whistler, U.S. GoldMining holds the Blue Ridge project in British Columbia’s Golden Triangle, targeting high-grade epithermal and porphyry-style gold-copper mineralization.

The company’s primary activities include systematic geological mapping, drilling programs, resource estimation and metallurgical test work, all aimed at moving its projects toward feasibility and eventual production.