Medaro Mining Corp. (OTCMKTS:MEDAF) Sees Large Decrease in Short Interest

Medaro Mining Corp. (OTCMKTS:MEDAF) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 1,364 shares, a decline of 67.1% from the May 14th total of 4,143 shares. Based on an average daily volume of 10,127 shares, the days-to-cover ratio is currently 0.1 days.

Medaro Mining Stock Performance

MEDAF stock opened at $0.30 on Thursday. The company has a 50 day simple moving average of $0.34 and a 200 day simple moving average of $0.30. Medaro Mining has a 1 year low of $0.07 and a 1 year high of $0.56.

Medaro Mining Company Profile

Medaro Mining Corp. acquires, explores, and evaluates mineral resource properties in Canada. The company holds an option to acquire 100% interest in the Superb Lake property that consists of 8 mining claims covering an area of approximately 2,187 hectares located in the Thunder Bay mining district of Northwestern Ontario, Canada; and CYR South lithium property that consists of 52 mineral claims covering an area of approximately 2,748 hectares located in James Bay area of Quebec. It also holds an option to acquire 70% interest in the Yurchison Uranium property that consists of 12 mining claims covering an area of 55,934 hectares located in the Wollaston Domain, Northern Saskatchewan; and an option to acquire 100% interest in the Darlin Li-Be Property in Quebec.