Resolution Minerals Ltd. (NASDAQ:RML) Sees Large Growth in Short Interest

Resolution Minerals Ltd. (NASDAQ:RML) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 41,724 shares. Based on an average daily volume of 210,377 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

RML has been the subject of a number of research analyst reports. Zacks Research upgraded Resolution Minerals to a “hold” rating in a report on Thursday, September 17th. Noble Financial raised shares of Resolution Minerals to a “strong-buy” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Resolution Minerals presently has a consensus rating of “Buy”.

Resolution Minerals Trading Down 8.2%

Shares of NASDAQ RML traded down $0.52 during trading on Monday, hitting $5.86. 57,581 shares of the company traded hands, compared to its average volume of 188,555. Resolution Minerals has a fifty-two week low of $5.80 and a fifty-two week high of $14.75.

Resolution Minerals Company Profile

Resolution Minerals Limited is a mineral exploration company focused on identifying and evaluating deposits of gold, copper and uranium. The company is an exploration-stage business rather than a mining producer, and its activities generally include geological surveying, drilling, resource assessment and project development.

Resolution Minerals has held exploration interests in Australia and the United States. Its portfolio has included the 64North Gold Project in Alaska, located in a region with established gold production, as well as uranium and other mineral exploration opportunities in Australia.