Asante Gold Co. (OTCMKTS:ASGOF) Sees Significant Decrease in Short Interest

Asante Gold Co. (OTCMKTS:ASGOF) saw a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 11,300 shares, a drop of 60.6% from the May 15th total of 28,700 shares. Based on an average trading volume of 14,600 shares, the days-to-cover ratio is presently 0.8 days.

Asante Gold Stock Up 5.8%

Asante Gold stock opened at C$1.09 on Friday. The stock’s 50 day moving average is C$0.84 and its 200 day moving average is C$0.78. Asante Gold has a one year low of C$0.60 and a one year high of C$1.09.

About Asante Gold

Asante Gold Corporation, a mineral exploration company, engages in the acquisition, exploration, development, and operation of mineral resource properties in the Republic of Ghana. It holds 100% interest in the Fahiakoba concession situated in the Ashanti and Central regions in the Republic of Ghana; and 90% interest in the Bibiani gold mine located in the western region of Ghana.