Resolution Minerals Ltd. (NASDAQ:RML) Short Interest Update

Resolution Minerals Ltd. (NASDAQ:RML) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 41,724 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 210,377 shares, the short-interest ratio is currently 0.2 days.

Resolution Minerals Trading Down 1.0%

Shares of RML traded down $0.06 during midday trading on Tuesday, hitting $5.80. The company had a trading volume of 10,620 shares, compared to its average volume of 78,502. Resolution Minerals has a 1 year low of $5.80 and a 1 year high of $14.75.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Noble Financial raised Resolution Minerals to a “strong-buy” rating in a research report on Monday, September 14th. Zacks Research upgraded Resolution Minerals to a “hold” rating in a research report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Resolution Minerals presently has an average rating of “Buy”.

About Resolution Minerals

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.