General Moly, Inc. (NYSEAMERICAN:GMO) (TSE:GMO) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 143,487 shares, a decline of 27.4% from the January 15th total of 197,581 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 118,312 shares, the short-interest ratio is presently 1.2 days.
Shares of GMO stock opened at $0.23 on Tuesday. General Moly has a 1 year low of $0.16 and a 1 year high of $0.46.
Separately, HC Wainwright set a $1.00 price target on General Moly and gave the company a “buy” rating in a research note on Friday, November 9th.
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About General Moly
General Moly, Inc, together with its subsidiary, Eureka Moly, LLC, engages in the exploration, development, and mining of mineral properties in the United States. The company explores for molybdenum and copper deposits. It primarily has an 80% interests in the Mt. Hope project consisting of 13 patented lode claims and 1 mill site claim with proven and probable molybdenum reserves totaling approximately 1.4 billion pounds located in Eureka County, Nevada.
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