Short Interest in Resolute Mining Limited (OTCMKTS:RMGGF) Declines By 46.4%

Resolute Mining Limited (OTCMKTS:RMGGF) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 3,228,499 shares, a decrease of 46.4% from the July 30th total of 6,024,331 shares. Based on an average daily volume of 1,481 shares, the short-interest ratio is currently 2,179.9 days.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada initiated coverage on shares of Resolute Mining in a research note on Friday, August 7th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Resolute Mining has a consensus rating of “Buy”.

Resolute Mining Price Performance

Shares of OTCMKTS:RMGGF opened at $1.02 on Friday. Resolute Mining has a 52-week low of $0.44 and a 52-week high of $1.22. The business’s 50 day moving average is $0.74 and its 200 day moving average is $0.86.

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.