Asante Gold Co. (OTCMKTS:ASGOF) Short Interest Up 580.4% in October

Asante Gold Co. (OTCMKTS:ASGOF) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,187,300 shares, a growth of 580.4% from the September 30th total of 174,500 shares. Based on an average trading volume of 109,200 shares, the days-to-cover ratio is presently 10.9 days. Based on an average trading volume of 109,200 shares, the days-to-cover ratio is presently 10.9 days.

Asante Gold Trading Down 0.7%

Shares of OTCMKTS:ASGOF opened at C$1.46 on Wednesday. Asante Gold has a 12-month low of C$0.60 and a 12-month high of C$1.85. The business’s fifty day simple moving average is C$1.44 and its 200-day simple moving average is C$1.16.

About Asante Gold

Asante Gold Corporation, a mineral exploration company, engages in the acquisition, exploration, development, and operation of mineral resource properties in the Republic of Ghana. It holds 100% interest in the Fahiakoba concession situated in the Ashanti and Central regions in the Republic of Ghana; and 90% interest in the Bibiani gold mine located in the western region of Ghana.