Short Interest in Resolute Mining Limited (OTCMKTS:RMGGF) Declines By 55.5%

Resolute Mining Limited (OTCMKTS:RMGGF) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 1,029,414 shares, a decrease of 55.5% from the June 15th total of 2,313,259 shares. Based on an average daily volume of 27,034 shares, the short-interest ratio is currently 38.1 days.

Resolute Mining Trading Down 4.4%

Shares of RMGGF stock opened at $0.66 on Wednesday. Resolute Mining has a 1-year low of $0.39 and a 1-year high of $1.22. The stock’s fifty day simple moving average is $0.79 and its 200-day simple moving average is $0.89.

Resolute Mining Company Profile

Resolute Mining Limited, trading OTC under the symbol RMGGF, is an Australian‐based gold producer focused on the exploration, development and operation of gold mining assets across Africa and Australia. The company’s core activities include open‐pit and underground mining, ore processing and the sale of gold dore bars to regional refineries. Resolute’s vertically integrated approach encompasses the full mining lifecycle, from early‐stage exploration to sustained production and asset optimisation.

Resolute’s principal operating assets include the Syama Gold Mine in Mali, the Bibiani Gold Mine in Ghana, the Mako Gold Mine in Senegal and the Ravenswood Gold Mine in Queensland, Australia.