Torex Gold Resources Inc. (OTCMKTS:TORXF) Sees Significant Growth in Short Interest

Torex Gold Resources Inc. (OTCMKTS:TORXFGet Rating) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,558,200 shares, a growth of 29.4% from the August 15th total of 1,204,400 shares. Based on an average daily trading volume, of 43,300 shares, the short-interest ratio is presently 36.0 days.

Torex Gold Resources Trading Down 0.7 %

Shares of Torex Gold Resources stock opened at $6.76 on Friday. Torex Gold Resources has a 1 year low of $6.49 and a 1 year high of $13.65. The firm’s 50-day moving average is $7.57 and its two-hundred day moving average is $9.72.

Wall Street Analyst Weigh In

TORXF has been the topic of several recent analyst reports. Stifel Nicolaus reduced their price target on shares of Torex Gold Resources from C$25.00 to C$21.50 in a research note on Wednesday, July 20th. National Bank Financial reduced their price target on shares of Torex Gold Resources from C$22.00 to C$15.00 in a research note on Thursday, July 21st.

Torex Gold Resources Company Profile

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Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property that covers an area of 29,000 hectares located southwest of Mexico City. The company's principal assets include the El Limón Guajes mining complex comprising the El Limón Guajes open pits, the El Limón Guajes underground mine, and the processing plant and related infrastructure, and the Media Luna deposit, which is an advanced stage development project.

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