Genesis Minerals Limited (OTCMKTS:GSISF – Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 1,216,000 shares, a growth of 160.1% from the June 30th total of 467,495 shares. Based on an average trading volume of 34,880 shares, the short-interest ratio is currently 34.9 days.
Genesis Minerals Stock Performance
Genesis Minerals stock opened at C$4.19 on Monday. Genesis Minerals has a one year low of C$2.31 and a one year high of C$6.19. The stock has a fifty day moving average of C$4.07 and a 200 day moving average of C$4.55.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group set a $7.80 price target on shares of Genesis Minerals in a research note on Monday, July 20th.
About Genesis Minerals
Genesis Minerals Limited engages in the exploration and development of gold deposits in Western Australia. It owns 100% interests in the Leonora Gold project located to the north of Kalgoorlie; 65% interest in the Barimaia Gold project located in the Murchison district of Western Australia; and St Barbara's Leonora assets comprising Gwalia underground mine and Leonora mill, as well as Tower Hill, Zoroastrian, Aphrodite, and Harbour Lights projects. The company was incorporated in 2007 and is based in Perth, Australia.
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