Rise Gold Corp. (OTCMKTS:RYES) Sees Large Drop in Short Interest

Rise Gold Corp. (OTCMKTS:RYES) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 1,902 shares, a decrease of 88.5% from the June 15th total of 16,607 shares. Based on an average daily trading volume, of 125,323 shares, the short-interest ratio is presently 0.0 days.

Rise Gold Price Performance

Rise Gold stock traded up $0.02 during trading on Friday, reaching $0.13. The company had a trading volume of 3,300 shares, compared to its average volume of 95,884. The firm’s 50-day simple moving average is $0.16 and its 200 day simple moving average is $0.28. Rise Gold has a 1-year low of $0.10 and a 1-year high of $0.53.

Rise Gold Company Profile

Rise Gold (OTCMKTS: RYES) is a mineral exploration and development company focused on advancing its flagship Idaho-Maryland Gold Project in Nevada County, California. The company’s primary objective is to revive and modernize the historic Idaho-Maryland Mine, which was one of the most prolific hard-rock gold mines in North America before its closure in the mid-20th century. Rise Gold holds a portfolio of exploration permits, mining claims and proprietary data that underpin its efforts to delineate a new resource and prepare for eventual production.

The Idaho-Maryland Gold Project encompasses both underground workings and surface infrastructure situated near Grass Valley, California.