Resolute Mining Limited (OTCMKTS:RMGGF) Sees Large Increase in Short Interest

Resolute Mining Limited (OTCMKTS:RMGGF) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 2,313,259 shares, an increase of 81.3% from the May 31st total of 1,275,818 shares. Based on an average daily volume of 12,155 shares, the days-to-cover ratio is presently 190.3 days.

Resolute Mining Price Performance

Shares of OTCMKTS RMGGF opened at $0.63 on Friday. Resolute Mining has a twelve month low of $0.38 and a twelve month high of $1.22. The business has a fifty day simple moving average of $0.82 and a two-hundred day simple moving average of $0.89.

Resolute Mining Company Profile

Resolute Mining Limited, trading OTC under the symbol RMGGF, is an Australian‐based gold producer focused on the exploration, development and operation of gold mining assets across Africa and Australia. The company’s core activities include open‐pit and underground mining, ore processing and the sale of gold dore bars to regional refineries. Resolute’s vertically integrated approach encompasses the full mining lifecycle, from early‐stage exploration to sustained production and asset optimisation.

Resolute’s principal operating assets include the Syama Gold Mine in Mali, the Bibiani Gold Mine in Ghana, the Mako Gold Mine in Senegal and the Ravenswood Gold Mine in Queensland, Australia.