Regis Resources Limited (OTCMKTS:RGRNF – Get Free Report) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 690,478 shares, a decline of 47.5% from the June 30th total of 1,314,389 shares. Based on an average daily volume of 4,728 shares, the short-interest ratio is currently 146.0 days.
Regis Resources Price Performance
OTCMKTS:RGRNF opened at $4.50 on Wednesday. The company’s 50-day moving average price is $4.46 and its 200-day moving average price is $5.02. Regis Resources has a twelve month low of $2.34 and a twelve month high of $7.20.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group set a $7.10 price target on shares of Regis Resources in a research report on Monday, July 20th.
About Regis Resources
Regis Resources Limited (OTCMKTS:RGRNF) is an Australian-based gold producer focused on the exploration, development and mining of gold deposits. The company’s principal asset is the Duketon Gold Project, located in the Leonora region of Western Australia, where it operates a number of open-pit and underground gold mines. Regis generates revenue through the production and sale of gold doré bars to regional and global refineries.
The Duketon Gold Project comprises several mining operations, including Garden Well, Rosemont and Moolart Well, all supported by an on-site processing plant and associated infrastructure.
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