Guardian Metal Resources PLC American Depositary Shares, each representing five (5) (NYSEAMERICAN:GMTL) Stock Short Interest Drops 38.4%

Guardian Metal Resources PLC American Depositary Shares, each representing five (5) (NYSEAMERICAN:GMTL) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 362,337 shares, a decline of 38.4% from the September 30th total of 587,932 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average trading volume of 238,056 shares, the days-to-cover ratio is currently 1.5 days.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a “buy” rating and set a $30.00 price target on shares of Guardian Metal Resources PLC American Depositary Shares, each representing five (5) in a research note on Tuesday, September 15th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Guardian Metal Resources PLC American Depositary Shares, each representing five (5) Stock Performance

GMTL opened at $5.30 on Friday. Guardian Metal Resources PLC American Depositary Shares, each representing five has a fifty-two week low of $4.58 and a fifty-two week high of $22.20. The company’s 50-day moving average is $9.16 and its 200 day moving average is $13.04.

Guardian Metal Resources PLC American Depositary Shares, each representing five (5) (NYSEAMERICAN:GMTL) last released its quarterly earnings results on Tuesday, September 15th. The company reported ($0.06) earnings per share (EPS) for the quarter.

Guardian Metal Resources PLC American Depositary Shares, each representing five (5) Company Profile

Guardian Metal Resources PLC is a United Kingdom-based mineral exploration and development company focused on tungsten and other critical and strategic metals in the United States. The company’s activities include acquiring, evaluating, exploring and advancing mineral properties rather than operating producing mines.

Its principal asset is the Pilot Mountain project in Nevada, a historically recognized tungsten district that also contains copper, silver and zinc mineralization. Guardian Metal Resources is working to define and advance the project’s mineral potential through exploration, technical studies and development planning.

The company’s portfolio is focused primarily on mineral opportunities in Nevada and is intended to support the potential domestic supply of tungsten and other metals used in industrial, defense and technology applications.