Resolute Mining Limited (OTCMKTS:RMGGF) Sees Significant Growth in Short Interest

Resolute Mining Limited (OTCMKTS:RMGGF) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 1,596,737 shares, a growth of 48.7% from the March 15th total of 1,073,789 shares. Based on an average daily trading volume, of 7,978 shares, the days-to-cover ratio is currently 200.1 days.

Resolute Mining Price Performance

Shares of RMGGF stock opened at $0.95 on Thursday. The stock has a 50-day simple moving average of $0.98 and a 200 day simple moving average of $0.83. Resolute Mining has a fifty-two week low of $0.28 and a fifty-two week high of $1.22.

Resolute Mining Company Profile

Resolute Mining Limited, trading OTC under the symbol RMGGF, is an Australian‐based gold producer focused on the exploration, development and operation of gold mining assets across Africa and Australia. The company’s core activities include open‐pit and underground mining, ore processing and the sale of gold dore bars to regional refineries. Resolute’s vertically integrated approach encompasses the full mining lifecycle, from early‐stage exploration to sustained production and asset optimisation.

Resolute’s principal operating assets include the Syama Gold Mine in Mali, the Bibiani Gold Mine in Ghana, the Mako Gold Mine in Senegal and the Ravenswood Gold Mine in Queensland, Australia.