Resolute Mining Limited (OTCMKTS:RMGGF) Sees Significant Drop in Short Interest

Resolute Mining Limited (OTCMKTS:RMGGF) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,029,414 shares, a decline of 55.5% from the June 15th total of 2,313,259 shares. Based on an average daily trading volume, of 27,034 shares, the short-interest ratio is presently 38.1 days.

Resolute Mining Trading Up 4.8%

Shares of OTCMKTS RMGGF opened at $0.69 on Thursday. The firm’s 50 day moving average price is $0.78 and its 200-day moving average price is $0.89. Resolute Mining has a 52-week low of $0.39 and a 52-week high of $1.22.

About Resolute Mining

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.