Short Interest in Labrador Gold Corp. (OTCMKTS:NKOSF) Rises By 164.5%

Labrador Gold Corp. (OTCMKTS:NKOSF) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 8,039 shares, an increase of 164.5% from the May 14th total of 3,039 shares. Based on an average daily trading volume, of 13,354 shares, the short-interest ratio is presently 0.6 days.

Labrador Gold Price Performance

OTCMKTS NKOSF traded down C$0.01 on Friday, hitting C$0.04. 82,450 shares of the company were exchanged, compared to its average volume of 78,092. The company’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.07. Labrador Gold has a twelve month low of C$0.04 and a twelve month high of C$0.08.

About Labrador Gold

Labrador Gold Corp. engages in the acquisition and exploration of gold properties in the Americas. It explores for copper and silver deposits. The company owns a 100% interest in the Borden Lake property that comprises 219 claims located in Chapleau, Ontario; and the Scotch property consists of 21 claims located near Sussex, New Brunswick. It also holds 100% interest in the Kingsway property consisting of 264 claims in three licenses covering approximately 77 square kilometers located near Gander, Newfoundland; and the Hopedale property that comprises 998 claims in five licenses covering an area of approximately 249 square kilometers located in Florence Lake greenstone belt.