Medaro Mining Corp. (OTCMKTS:MEDAF) Short Interest Down 51.8% in August

Medaro Mining Corp. (OTCMKTS:MEDAF) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 4,946 shares, a decrease of 51.8% from the August 15th total of 10,253 shares. Based on an average trading volume of 1,861 shares, the short-interest ratio is presently 2.7 days.

Medaro Mining Price Performance

Shares of OTCMKTS MEDAF remained flat at $0.17 during trading on Tuesday. 15,028 shares of the stock were exchanged, compared to its average volume of 14,930. The firm’s 50-day moving average price is $0.16 and its 200 day moving average price is $0.27. Medaro Mining has a 12-month low of $0.03 and a 12-month high of $0.56.

Medaro Mining Company Profile

Medaro Mining Corp. acquires, explores, and evaluates mineral resource properties in Canada. The company holds an option to acquire 100% interest in the Superb Lake property that consists of 8 mining claims covering an area of approximately 2,187 hectares located in the Thunder Bay mining district of Northwestern Ontario, Canada; and CYR South lithium property that consists of 52 mineral claims covering an area of approximately 2,748 hectares located in James Bay area of Quebec. It also holds an option to acquire 70% interest in the Yurchison Uranium property that consists of 12 mining claims covering an area of 55,934 hectares located in the Wollaston Domain, Northern Saskatchewan; and an option to acquire 100% interest in the Darlin Li-Be Property in Quebec.