Spearmint Resources Inc. (OTCMKTS:SPMTF) Short Interest Up 92.5% in May

Spearmint Resources Inc. (OTCMKTS:SPMTF) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 195,639 shares, a growth of 92.5% from the May 14th total of 101,610 shares. Based on an average daily volume of 241,707 shares, the days-to-cover ratio is currently 0.8 days.

Spearmint Resources Trading Down 4.0%

Shares of OTCMKTS SPMTF opened at $0.05 on Friday. Spearmint Resources has a 1 year low of $0.02 and a 1 year high of $0.15. The company’s 50-day moving average is $0.05 and its 200 day moving average is $0.06.

About Spearmint Resources

Spearmint Resources Ltd. is a Canadian-based junior mineral exploration company focused on the acquisition, exploration and development of gold and silver projects in North America. The company holds several exploration properties, most notably the Currans Pond Gold–Silver project in Newfoundland and the Silverton Silver–Gold project in Nevada. Through systematic geochemical sampling, geological mapping and targeted drilling programs, Spearmint Resources aims to define high-grade mineralized zones and advance its projects toward resource delineation.

At the Currans Pond project, Spearmint Resources has identified multiple showings of orogenic-style gold and polymetallic mineralization along favorable structural trends.