Resolute Mining Limited (OTCMKTS:RMGGF – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 5,620,912 shares, a growth of 446.0% from the June 30th total of 1,029,414 shares. Based on an average trading volume of 480 shares, the short-interest ratio is currently 11,710.2 days.
Resolute Mining Price Performance
OTCMKTS:RMGGF remained flat at $0.71 during mid-day trading on Friday. 5,000 shares of the company traded hands, compared to its average volume of 12,706. The stock’s 50 day moving average is $0.75 and its 200 day moving average is $0.88. Resolute Mining has a 12-month low of $0.39 and a 12-month high of $1.22.
About Resolute Mining
Resolute Mining Limited, trading OTC under the symbol RMGGF, is an Australian‐based gold producer focused on the exploration, development and operation of gold mining assets across Africa and Australia. The company’s core activities include open‐pit and underground mining, ore processing and the sale of gold dore bars to regional refineries. Resolute’s vertically integrated approach encompasses the full mining lifecycle, from early‐stage exploration to sustained production and asset optimisation.
Resolute’s principal operating assets include the Syama Gold Mine in Mali, the Bibiani Gold Mine in Ghana, the Mako Gold Mine in Senegal and the Ravenswood Gold Mine in Queensland, Australia.
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