Silver Lake Resources Limited (OTCMKTS:SVLKF) Sees Significant Growth in Short Interest

Silver Lake Resources Limited (OTCMKTS:SVLKF – Get Rating) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 789,000 shares, an increase of 360.3% from the March 15th total of 171,400 shares. Based on an average daily trading volume, of 20,700 shares, the days-to-cover ratio is presently 38.1 days.

Silver Lake Resources stock opened at $1.60 on Friday. The stock has a 50-day moving average of $1.44 and a two-hundred day moving average of $1.28. Silver Lake Resources has a one year low of $0.88 and a one year high of $1.68.

About Silver Lake Resources (Get Rating)

Silver Lake Resources Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and copper concentrates in Eastern Goldfields and Midwest regions of Western Australia. The company holds interests in the Deflector Gold Copper project that produces gold bullion and gold-copper concentrates located in the Southern Murchison region of Western Australia, including development and ramp up of a secondary high grade ore source at Rothsay; and Mount Monger operations, which produce gold bullion located within the Kalgoorlie terrane subdivision of the Eastern Goldfields Province.

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