Monarch Mining Co. (OTCMKTS:GBARF) Short Interest Up 245.2% in April

Monarch Mining Co. (OTCMKTS:GBARFGet Rating) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 35,900 shares, a growth of 245.2% from the April 15th total of 10,400 shares. Based on an average daily trading volume, of 38,300 shares, the short-interest ratio is currently 0.9 days.

Separately, Stifel Nicolaus assumed coverage on shares of Monarch Mining in a research note on Thursday, April 14th. They set a “buy” rating and a C$1.50 price target on the stock.

Monarch Mining stock opened at 0.38 on Thursday. Monarch Mining has a 12-month low of 0.38 and a 12-month high of 0.88.

About Monarch Mining (Get Rating)

Monarch Mining Corporation, a gold mining company, engages in the exploration and development of mining properties in Canada. The company's projects include the Beaufor Mine, including 23 mining claims covering an area of 5.9 square kilometers located to the northeast of the town of Val-d'Or in the Province of Quebec; the Croinor property, which comprise one mining lease for a total of 337 claims with an area of approximately 151.88 square kilometers situated to the east of Val-d'Or; and the Beacon Mill property consist of 11 mining claims covering an area of 1.8 square kilometers.

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