Resolution Minerals Ltd. (NASDAQ:RML – Get Free Report) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 41,724 shares. Based on an average trading volume of 210,377 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the stock are short sold.
Resolution Minerals Price Performance
Shares of RML stock traded down $0.52 on Monday, reaching $5.86. The company had a trading volume of 57,581 shares, compared to its average volume of 188,555. Resolution Minerals has a one year low of $5.80 and a one year high of $14.75.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on RML shares. Noble Financial raised shares of Resolution Minerals to a “strong-buy” rating in a research note on Monday, September 14th. Zacks Research raised Resolution Minerals to a “hold” rating in a report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Resolution Minerals has a consensus rating of “Buy”.
Resolution Minerals Company Profile
Resolution Minerals Limited is a mineral exploration company focused on identifying and evaluating deposits of gold, copper and uranium. The company is an exploration-stage business rather than a mining producer, and its activities generally include geological surveying, drilling, resource assessment and project development.
Resolution Minerals has held exploration interests in Australia and the United States. Its portfolio has included the 64North Gold Project in Alaska, located in a region with established gold production, as well as uranium and other mineral exploration opportunities in Australia.
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