Short Interest in Lundin Gold Inc. (OTCMKTS:LUGDF) Declines By 23.3%

Lundin Gold Inc. (OTCMKTS:LUGDF) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 2,382,200 shares, a drop of 23.3% from the February 28th total of 3,106,100 shares. Based on an average trading volume of 73,500 shares, the short-interest ratio is currently 32.4 days.

Lundin Gold Stock Performance

LUGDF stock traded up C$0.29 during midday trading on Tuesday, hitting C$31.29. 26,783 shares of the company’s stock were exchanged, compared to its average volume of 33,375. Lundin Gold has a one year low of C$13.17 and a one year high of C$31.55. The stock’s fifty day moving average price is C$27.77 and its 200-day moving average price is C$24.60.

Lundin Gold Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were given a $0.3027 dividend. The ex-dividend date was Tuesday, March 11th. This is a positive change from Lundin Gold’s previous dividend of $0.20. This represents a dividend yield of 4.24%.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.