Aldebaran Resources Inc. (OTCMKTS:ADBRF – Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 41,775 shares, a decline of 52.8% from the April 30th total of 88,447 shares. Based on an average trading volume of 76,792 shares, the days-to-cover ratio is presently 0.5 days.
Aldebaran Resources Trading Up 1.4%
OTCMKTS:ADBRF opened at $2.28 on Friday. Aldebaran Resources has a one year low of $1.25 and a one year high of $3.03. The business’s 50-day simple moving average is $1.89 and its 200 day simple moving average is $2.28.
About Aldebaran Resources
Aldebaran Resources Inc (OTCMKTS:ADBRF) is a mineral exploration company focused on the acquisition, exploration and development of copper–gold porphyry projects in the Americas. Incorporated in Vancouver, Canada, the company targets large-scale, bulk-tonnage deposits and seeks to leverage the growing demand for copper and gold driven by the global transition to low-carbon technologies.
The company’s flagship asset is the Rio Grande property in southwestern Ecuador, where it holds a 100% interest in concessions covering approximately 315 square kilometres in the prolific Andean copper–gold belt.
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