Short Interest in PT Merdeka Copper Gold Tbk (OTCMKTS:PMCGF) Increases By 18,500,000.0%

PT Merdeka Copper Gold Tbk (OTCMKTS:PMCGF) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 185,001 shares, a growth of 18,500,000.0% from the April 15th total of 1 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

PT Merdeka Copper Gold Tbk Price Performance

Shares of PMCGF stock remained flat at $0.10 during trading hours on Monday. The stock’s 50-day simple moving average is $0.10 and its 200 day simple moving average is $0.10. PT Merdeka Copper Gold Tbk has a one year low of $0.10 and a one year high of $0.20.

PT Merdeka Copper Gold Tbk Company Profile

PT Merdeka Copper Gold Tbk is an Indonesia-based mining company principally engaged in the exploration, development and operation of copper and gold mineral properties. Established in 2011 and listed on the Indonesia Stock Exchange in 2014, the company has rapidly advanced from exploration stages to commercial production, leveraging Indonesia’s abundant mineral resources and supportive regulatory environment.

The company’s flagship assets include the Wetar copper-gold mine in the Maluku Islands, which began production in 2012, and the Tujuh Bukit gold-copper project in East Java.