Spearmint Resources Inc. (OTCMKTS:SPMTF) Sees Significant Increase in Short Interest

Spearmint Resources Inc. (OTCMKTS:SPMTF) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 195,639 shares, an increase of 92.5% from the May 14th total of 101,610 shares. Based on an average trading volume of 241,707 shares, the short-interest ratio is currently 0.8 days.

Spearmint Resources Price Performance

OTCMKTS SPMTF opened at $0.05 on Monday. The stock has a 50-day moving average of $0.05 and a two-hundred day moving average of $0.06. Spearmint Resources has a 1-year low of $0.02 and a 1-year high of $0.15.

About Spearmint Resources

Spearmint Resources Ltd. is a Canadian-based junior mineral exploration company focused on the acquisition, exploration and development of gold and silver projects in North America. The company holds several exploration properties, most notably the Currans Pond Gold–Silver project in Newfoundland and the Silverton Silver–Gold project in Nevada. Through systematic geochemical sampling, geological mapping and targeted drilling programs, Spearmint Resources aims to define high-grade mineralized zones and advance its projects toward resource delineation.

At the Currans Pond project, Spearmint Resources has identified multiple showings of orogenic-style gold and polymetallic mineralization along favorable structural trends.