Northern Star Resources Limited (OTCMKTS:NESRF) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 317,700 shares, a growth of 116.4% from the September 15th total of 146,800 shares. Based on an average daily volume of 14,600 shares, the short-interest ratio is presently 21.8 days.
Separately, BMO Capital Markets raised shares of Northern Star Resources from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 30th.
Shares of OTCMKTS NESRF traded up $0.18 during mid-day trading on Thursday, hitting $6.93. 5,364 shares of the stock were exchanged, compared to its average volume of 9,168. The stock’s fifty day simple moving average is $6.84 and its two-hundred day simple moving average is $7.68. Northern Star Resources has a twelve month low of $6.00 and a twelve month high of $13.03.
Northern Star Resources Ltd. is a gold producer and exploration company. It operates through the following segments: Pogo, Kalgoorlie Operations, Jundee, and Exploration. The company founded in May 2000 and is headquartered in Subiaco, Australia.
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