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

Spearmint Resources Inc. (OTCMKTS:SPMTF) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 10,800 shares, a decrease of 75.8% from the August 15th total of 44,631 shares. Based on an average trading volume of 29,298 shares, the short-interest ratio is currently 0.4 days.

Spearmint Resources Price Performance

Shares of OTCMKTS:SPMTF opened at $0.05 on Friday. The business has a 50-day moving average price of $0.04 and a 200 day moving average price of $0.05. Spearmint Resources has a 12-month low of $0.03 and a 12-month high of $0.15.

Spearmint Resources Company Profile

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.