Short Interest in Battle North Gold Co. (OTCMKTS:BNAUF) Declines By 50.9%


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Battle North Gold Co. (OTCMKTS:BNAUF) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 58,200 shares, a decline of 50.9% from the March 15th total of 118,500 shares. Based on an average daily volume of 216,000 shares, the short-interest ratio is presently 0.3 days.

Shares of BNAUF opened at $2.10 on Friday. The company has a quick ratio of 41.50, a current ratio of 41.75 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average price is $1.81 and its 200 day moving average price is $1.54. Battle North Gold has a 12-month low of $0.66 and a 12-month high of $2.11. The firm has a market capitalization of $271.49 million, a price-to-earnings ratio of -13.01 and a beta of 1.77.

Battle North Gold (OTCMKTS:BNAUF) last released its earnings results on Tuesday, March 9th. The company reported ($0.03) earnings per share (EPS) for the quarter.

Several research firms recently weighed in on BNAUF. Stifel Nicolaus cut their price objective on Battle North Gold from $3.10 to $2.65 and set a “buy” rating for the company in a research report on Monday, March 15th. TD Securities boosted their price target on Battle North Gold from $3.00 to $3.25 and gave the company a “buy” rating in a research note on Wednesday, January 6th. Finally, Canaccord Genuity lowered Battle North Gold from a “buy” rating to a “sell” rating in a research note on Wednesday, March 17th.

About Battle North Gold

Battle North Gold Corporation engages in the exploration of gold properties in Canada and the United States. Its flagship project is the Bateman Gold Project located in the Red Lake gold district in Ontario, Canada. The company also holds approximately 282 square kilometers of mineral claims in the Red Lake area; and owns a gold exploration project on the Long Canyon gold trend near the Nevada-Utah border in the United States.

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