Short Interest in Spearmint Resources Inc. (OTCMKTS:SPMTF) Declines By 94.2%

Spearmint Resources Inc. (OTCMKTS:SPMTF) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 11,435 shares, a decrease of 94.2% from the May 31st total of 195,639 shares. Based on an average daily volume of 65,557 shares, the short-interest ratio is presently 0.2 days.

Spearmint Resources Price Performance

Shares of SPMTF remained flat at $0.05 during mid-day trading on Thursday. The company’s stock had a trading volume of 7,500 shares, compared to its average volume of 83,704. Spearmint Resources has a 52-week low of $0.02 and a 52-week high of $0.15. The stock’s 50 day moving average price is $0.05 and its two-hundred day moving average price is $0.06.

About Spearmint Resources

Spearmint Resources Ltd. is a Canadian-based junior mineral exploration company focused on the acquisition, exploration and development of gold and silver projects in North America. The company holds several exploration properties, most notably the Currans Pond Gold–Silver project in Newfoundland and the Silverton Silver–Gold project in Nevada. Through systematic geochemical sampling, geological mapping and targeted drilling programs, Spearmint Resources aims to define high-grade mineralized zones and advance its projects toward resource delineation.

At the Currans Pond project, Spearmint Resources has identified multiple showings of orogenic-style gold and polymetallic mineralization along favorable structural trends.