Red Metal Resources Ltd. (OTCMKTS:RMESF – Get Rating) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 2,100 shares, a drop of 16.0% from the August 31st total of 2,500 shares. Based on an average daily trading volume, of 32,600 shares, the days-to-cover ratio is presently 0.1 days.
Red Metal Resources Price Performance
Shares of RMESF stock traded up $0.13 during trading hours on Friday, reaching $0.20. The company's stock had a trading volume of 1,450 shares, compared to its average volume of 26,151. Red Metal Resources has a one year low of $0.01 and a one year high of $0.55. The firm's fifty day simple moving average is $0.11 and its 200 day simple moving average is $0.12.
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Red Metal Resources Ltd. engages in the acquisition, exploration, and development of mineral resource properties in Chile. The company explores for copper, gold, cobalt, and silver deposits. Its flagship asset is the Farellón project that consists of 8 mining concessions covering an area of approximately 1,234 hectares located in the Carrizal Alto mining district, Chile.Read More
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