Pure Gold Mining Inc. (OTCMKTS:LRTNF – Get Rating) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 620,400 shares, a growth of 124.9% from the April 15th total of 275,900 shares. Based on an average daily trading volume, of 1,675,600 shares, the short-interest ratio is presently 0.4 days.
Shares of OTCMKTS LRTNF traded down $0.00 during trading hours on Friday, reaching $0.14. 601,381 shares of the stock were exchanged, compared to its average volume of 535,270. Pure Gold Mining has a 52 week low of $0.11 and a 52 week high of $1.50. The stock’s fifty day simple moving average is $0.30 and its 200 day simple moving average is $0.49.
Several analysts have issued reports on the company. Stifel Nicolaus dropped their price objective on Pure Gold Mining from C$0.70 to C$0.40 in a research note on Tuesday. Desjardins dropped their price objective on Pure Gold Mining from C$1.20 to C$0.70 in a research note on Friday, April 8th.
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 Pure Gold Red Lake Gold project comprises 251 mining leases, mining patents, and unpatented mining claims covering an area of approximately 4,700 hectares located near Red Lake, Ontario.
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