Silver Bull Resources Inc (OTCMKTS:SVBL) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 122,000 shares, an increase of 29.6% from the August 15th total of 94,100 shares. Based on an average daily volume of 1,398,900 shares, the short-interest ratio is currently 0.1 days.

OTCMKTS SVBL opened at $0.08 on Wednesday. The stock has a market capitalization of $19.97 million, a price-to-earnings ratio of -8.45 and a beta of 0.48. Silver Bull Resources has a 1-year low of $0.02 and a 1-year high of $0.13. The business’s fifty day moving average price is $0.10 and its 200-day moving average price is $0.07.

Silver Bull Resources’s stock is going to reverse split on Friday, September 18th. The 1-8 reverse split was announced on Tuesday, September 15th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, September 17th.

About Silver Bull Resources

Silver Bull Resources, Inc, an exploration stage company, acquires, develops, and explores for mineral properties in Mexico and Canada. It primarily explores for silver and zinc deposits. The company holds interest in the Sierra Mojada property that includes 20 concessions covering an area of 6,496 hectares located in Coahuila, Mexico.

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