Rise Gold Corp. (OTCMKTS:RYES) Sees Significant Drop in Short Interest

Rise Gold Corp. (OTCMKTS:RYES) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,902 shares, a drop of 88.5% from the June 15th total of 16,607 shares. Based on an average daily trading volume, of 125,323 shares, the days-to-cover ratio is presently 0.0 days.

Rise Gold Trading Up 19.5%

Shares of RYES traded up $0.02 during midday trading on Friday, hitting $0.13. 3,300 shares of the stock were exchanged, compared to its average volume of 95,884. The stock has a fifty day simple moving average of $0.16 and a 200 day simple moving average of $0.28. Rise Gold has a 52-week low of $0.10 and a 52-week high of $0.53.

Rise Gold Company Profile

Rise Gold (OTCMKTS: RYES) is a mineral exploration and development company focused on advancing its flagship Idaho-Maryland Gold Project in Nevada County, California. The company’s primary objective is to revive and modernize the historic Idaho-Maryland Mine, which was one of the most prolific hard-rock gold mines in North America before its closure in the mid-20th century. Rise Gold holds a portfolio of exploration permits, mining claims and proprietary data that underpin its efforts to delineate a new resource and prepare for eventual production.

The Idaho-Maryland Gold Project encompasses both underground workings and surface infrastructure situated near Grass Valley, California.