Fortitude Gold Co. (OTCMKTS:FTCO) Sees Large Drop in Short Interest

Fortitude Gold Co. (OTCMKTS:FTCO) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 5,650 shares, a drop of 60.2% from the June 30th total of 14,190 shares. Based on an average daily volume of 48,797 shares, the short-interest ratio is currently 0.1 days.

Fortitude Gold Price Performance

Fortitude Gold stock traded up $0.01 during midday trading on Tuesday, reaching $4.78. The stock had a trading volume of 17,230 shares, compared to its average volume of 57,980. The stock’s 50-day simple moving average is $4.83 and its 200 day simple moving average is $5.09. Fortitude Gold has a twelve month low of $3.43 and a twelve month high of $6.10.

About Fortitude Gold

Fortitude Gold Corporation is a U.S.-based gold producer and exploration company traded on the OTC Markets under the symbol FTCO. The company’s principal asset is the Pan Mine, an open-pit, heap-leach gold operation located on the prolific Carlin Trend in Elko County, Nevada. Through its wholly owned subsidiary, Fortitude Gold Mining Company, it focuses on the extraction, processing and sale of gold dore bars to regional refineries.

The Pan Mine employs conventional open-pit mining techniques followed by carbon-in-leach processing to recover gold from low-grade ore.