Spearmint Resources Inc. (OTCMKTS:SPMTF) Short Interest Up 323.7% in August

Spearmint Resources Inc. (OTCMKTS:SPMTF) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 44,631 shares, an increase of 323.7% from the July 30th total of 10,534 shares. Based on an average daily trading volume, of 183,048 shares, the days-to-cover ratio is presently 0.2 days.

Spearmint Resources Price Performance

Spearmint Resources stock remained flat at $0.05 during trading hours on Thursday. The company’s stock had a trading volume of 1,854 shares, compared to its average volume of 80,641. The company’s fifty day simple moving average is $0.04 and its 200-day simple moving average is $0.05. Spearmint Resources has a 12-month low of $0.02 and a 12-month high of $0.15.

Spearmint Resources Company Profile

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.