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 the month of June. As of June 15th, there was short interest totaling 2,313,259 shares, a growth of 81.3% from the May 31st total of 1,275,818 shares. Based on an average trading volume of 12,155 shares, the days-to-cover ratio is currently 190.3 days.

Resolute Mining Stock Performance

Shares of OTCMKTS RMGGF opened at $0.63 on Thursday. The business’s fifty day simple moving average is $0.84 and its 200-day simple moving average is $0.90. Resolute Mining has a 12-month low of $0.38 and a 12-month high of $1.22.

About Resolute Mining

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.