Genesis Minerals Limited (OTCMKTS:GSISF – Get Free Report) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 1,319,339 shares, a decrease of 42.1% from the August 31st total of 2,277,168 shares. Based on an average daily trading volume, of 5,140 shares, the short-interest ratio is presently 256.7 days.
Genesis Minerals Stock Performance
Genesis Minerals stock remained flat at C$5.18 during trading hours on Wednesday. The company’s stock had a trading volume of 169 shares, compared to its average volume of 4,121. The firm’s 50-day moving average price is C$5.29 and its 200 day moving average price is C$4.61. Genesis Minerals has a twelve month low of C$3.49 and a twelve month high of C$6.54.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group set a $7.80 price objective on shares of Genesis Minerals in a report on Monday, July 20th.
About Genesis Minerals
Genesis Minerals Limited is an Australian gold exploration and mining company focused on developing and operating assets in Western Australia. Its principal interests are located in the Leonora region of the Goldfields, an established gold-producing area with supporting infrastructure and a long history of mining activity.
The company’s flagship asset is the Leonora Gold Project, which includes the Gwalia underground mine, the Leonora processing plant and associated deposits and exploration tenements.
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