Genesis Minerals Limited (OTCMKTS:GSISF) Short Interest Update

Genesis Minerals Limited (OTCMKTS:GSISF) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,319,339 shares, a drop of 42.1% from the August 31st total of 2,277,168 shares. Based on an average daily volume of 5,140 shares, the short-interest ratio is presently 256.7 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group set a $7.80 price objective on Genesis Minerals in a report on Monday, July 20th.

Genesis Minerals Stock Performance

OTCMKTS GSISF remained flat at C$5.18 during mid-day trading on Wednesday. 169 shares of the company were exchanged, compared to its average volume of 4,121. The business has a 50-day simple moving average of C$5.29 and a 200 day simple moving average of C$4.61. Genesis Minerals has a 12-month low of C$3.49 and a 12-month high of C$6.54.

Genesis Minerals Company Profile

Genesis Minerals Limited is an Australian gold exploration and mining company focused on developing and operating assets in Western Australia. Its principal interests are located in the Leonora region of the Goldfields, an established gold-producing area with supporting infrastructure and a long history of mining activity.

The company’s flagship asset is the Leonora Gold Project, which includes the Gwalia underground mine, the Leonora processing plant and associated deposits and exploration tenements.