Pure Gold Mining Inc. (OTCMKTS:LRTNF – Get Rating) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 1,358,200 shares, a decline of 13.7% from the August 15th total of 1,574,200 shares. Based on an average daily volume of 472,600 shares, the days-to-cover ratio is currently 2.9 days.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus reduced their target price on shares of Pure Gold Mining from C$0.40 to C$0.25 in a report on Thursday, August 18th.
Pure Gold Mining Trading Up 6.4 %
Shares of Pure Gold Mining stock opened at $0.10 on Tuesday. Pure Gold Mining has a one year low of $0.07 and a one year high of $0.91. The company has a 50-day simple moving average of $0.09 and a two-hundred day simple moving average of $0.19.
About Pure Gold Mining
Pure Gold Mining Inc engages in the acquisition, exploration, and development of gold, and other precious and base metal properties in Canada. Its principal property is the PureGold Mine project comprises 251 mining leases, mining patents, and unpatented mining claims covering an area of approximately 4,648 hectares located near Red Lake, Ontario.
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