Fortitude Gold Co. (OTCMKTS:FTCO – Get Free Report) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 5,650 shares, a decrease of 60.2% from the June 30th total of 14,190 shares. Based on an average trading volume of 48,797 shares, the days-to-cover ratio is presently 0.1 days.
Fortitude Gold Price Performance
Shares of OTCMKTS:FTCO opened at $4.69 on Monday. Fortitude Gold has a 1-year low of $3.43 and a 1-year high of $6.10. The firm’s 50 day simple moving average is $4.83 and its two-hundred day simple moving average is $5.09.
About Fortitude Gold
Fortitude Gold Corporation is a U.S.-based gold producer and exploration company traded on the OTC Markets under the symbol FTCO. The company’s principal asset is the Pan Mine, an open-pit, heap-leach gold operation located on the prolific Carlin Trend in Elko County, Nevada. Through its wholly owned subsidiary, Fortitude Gold Mining Company, it focuses on the extraction, processing and sale of gold dore bars to regional refineries.
The Pan Mine employs conventional open-pit mining techniques followed by carbon-in-leach processing to recover gold from low-grade ore.
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