China Gold International Resources Corp. Ltd. (OTCMKTS:JINFF – Get Free Report) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 285,167 shares, a drop of 42.1% from the May 14th total of 492,285 shares. Based on an average daily trading volume, of 4,280 shares, the days-to-cover ratio is currently 66.6 days.
China Gold International Resources Trading Up 9.3%
Shares of OTCMKTS JINFF opened at $19.31 on Friday. The company’s 50-day simple moving average is $21.06 and its 200-day simple moving average is $21.99. China Gold International Resources has a 52-week low of $8.15 and a 52-week high of $31.82.
About China Gold International Resources
China Gold International Resources Corp. Ltd. is a publicly traded gold and polymetallic miner with principal operations located in the People’s Republic of China. Founded in 2006 as a subsidiary of China National Gold Group, the company is listed on the Toronto Stock Exchange and the Hong Kong Stock Exchange, and trades over the counter in the United States under the ticker JINFF. Its core business activities include the exploration, development, extraction and sale of gold, copper and silver concentrate products.
The company’s flagship asset is the Chang Shan Hao (CSH) open?pit gold mine in Inner Mongolia.
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