Spearmint Resources Inc. (OTCMKTS:SPMTF) Sees Significant Drop in Short Interest

Spearmint Resources Inc. (OTCMKTS:SPMTF) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 6,000 shares, a drop of 65.7% from the September 15th total of 17,500 shares. Based on an average daily volume of 1,468 shares, the short-interest ratio is currently 4.1 days.

Spearmint Resources Stock Performance

SPMTF stock traded down $0.00 during trading on Tuesday, hitting $0.04. The company had a trading volume of 4,860 shares, compared to its average volume of 71,096. The firm has a 50-day moving average price of $0.04 and a 200-day moving average price of $0.05. Spearmint Resources has a 1-year low of $0.03 and a 1-year high of $0.15.

Spearmint Resources Company Profile

Spearmint Resources Inc is a junior mineral exploration company focused on acquiring and advancing mineral properties in North America. The company’s activities are centered on the exploration of lithium and other prospective minerals rather than the production or sale of commodities.

Spearmint’s portfolio has included lithium exploration properties in Nevada, particularly in and around the Clayton Valley region, one of the United States’ established lithium districts. Its projects have included lithium clay and brine targets that require additional exploration, sampling, drilling and technical evaluation to determine their economic potential.

The company has also pursued mineral exploration opportunities in Canada, including properties prospective for precious or base metals.