Short Interest in Thunder Mountain Gold Inc. (OTCMKTS:THMG) Drops By 89.1%

Thunder Mountain Gold Inc. (OTCMKTS:THMG) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,275 shares, a decline of 89.1% from the August 15th total of 11,744 shares. Based on an average daily trading volume, of 44,123 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Thunder Mountain Gold Stock Performance

OTCMKTS:THMG opened at $0.90 on Friday. Thunder Mountain Gold has a 1 year low of $0.23 and a 1 year high of $1.10. The firm’s fifty day simple moving average is $0.85 and its 200 day simple moving average is $0.80. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $83.93 million, a PE ratio of -22.50 and a beta of 0.49.

Thunder Mountain Gold (OTCMKTS:THMG) last released its earnings results on Friday, August 14th. The basic materials company reported ($0.01) earnings per share for the quarter.

Thunder Mountain Gold Company Profile

Thunder Mountain Gold, Inc explores for and develops mining properties in Nevada and Idaho, the United States. It explores for zinc, silver, gold, and copper deposits, as well as base metals and other commodities. The company holds interests in the South Mountain property that includes 18 patented mining claims covering an area of approximately 346 acres; 36 acres of private land; 21 unpatented mining lode claims covering an area of approximately 290 acres; leased private land covering approximately 489 acres; and private land not contiguous with the mining claims covering an area of 360 acres located in the South Mountain Mining District, Owyhee County, Idaho.