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

Rise Gold Corp. (OTCMKTS:RYES) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 20,119 shares, an increase of 318.7% from the May 14th total of 4,805 shares. Based on an average trading volume of 167,766 shares, the days-to-cover ratio is presently 0.1 days.

Rise Gold Stock Performance

Shares of RYES traded up $0.01 during mid-day trading on Thursday, hitting $0.14. 750 shares of the company traded hands, compared to its average volume of 100,190. Rise Gold has a 1-year low of $0.11 and a 1-year high of $0.53. The business has a 50 day moving average of $0.27 and a 200 day moving average of $0.29.

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.