Resolute Mining Limited (OTCMKTS:RMGGF) Short Interest Update

Resolute Mining Limited (OTCMKTS:RMGGF) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 1,340,900 shares, an increase of 1,218.5% from the July 15th total of 101,700 shares. Based on an average trading volume of 8,000 shares, the short-interest ratio is presently 167.6 days.

Resolute Mining Price Performance

RMGGF remained flat at $0.44 on Wednesday. Resolute Mining has a fifty-two week low of $0.18 and a fifty-two week high of $0.46. The stock has a 50 day moving average price of $0.40 and a 200 day moving average price of $0.32.

About Resolute Mining

Resolute Mining Limited engages in mining, prospecting, and exploration for minerals in Africa, the United Kingdom, and Australia. It is involved in mining gold and silver. The company's flagship project is the Syama Gold Mine located in Mali, West Africa. It also owns Mako Gold Mine in Senegal, West Africa.