Silver Bull Resources, Inc. (OTCMKTS:SVBL) Sees Significant Drop in Short Interest

Silver Bull Resources, Inc. (OTCMKTS:SVBL) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 28,585 shares, a drop of 56.3% from the June 15th total of 65,422 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 120,084 shares, the days-to-cover ratio is currently 0.2 days.

Silver Bull Resources Trading Up 4.7%

SVBL stock opened at $0.10 on Thursday. The stock’s 50 day simple moving average is $0.22 and its 200 day simple moving average is $0.24. Silver Bull Resources has a 12-month low of $0.05 and a 12-month high of $0.61. The firm has a market cap of $4.75 million, a P/E ratio of -0.34 and a beta of 1.91.

Silver Bull Resources Company Profile

Silver Bull Resources Inc is a mineral exploration and development company focused on silver and associated base metals. The company’s core asset is the Sierra Mojada project, an advanced?stage silver–lead–zinc deposit located in Coahuila State, Mexico. Sierra Mojada hosts both high?grade massive sulphide zones and broader, lower?grade mineralization, making it one of the largest undeveloped silver resources in North America.

At Sierra Mojada, Silver Bull has completed extensive drilling programs and preliminary economic studies under Canadian National Instrument 43-101 standards.