Time to Reconsider MIDAS GOLD CORPORATION ORDINARY SHARES (OTCMKTS:MDRPF) After More Short Sellers?

May 10, 2018 - By Adrian Mccoy

The stock of MIDAS GOLD CORPORATION ORDINARY SHARES (OTCMKTS:MDRPF) registered an increase of 6.34% in short interest. MDRPF’s total short interest was 295,300 shares in May as published by FINRA. Its up 6.34% from 277,700 shares, reported previously. With 468,300 shares average volume, it will take short sellers 1 days to cover their MDRPF’s short positions. The short interest to MIDAS GOLD CORPORATION ORDINARY SHARES’s float is 0.16%.

The stock increased 6.33% or $0.05508 during the last trading session, reaching $0.92508. About 1.16 million shares traded or 272.34% up from the average. Midas Gold Corp. (OTCMKTS:MDRPF) has 0.00% since May 10, 2017 and is . It has underperformed by 11.55% the S&P500.

Midas Gold Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. The company has market cap of $171.69 million. It primarily explores for gold, antimony, and silver deposits in the Stibnite-Yellow Pine district of central Idaho. It currently has negative earnings. The companyÂ’s principal mineral project is the Stibnite gold project, which include Yellow Pine, Hangar Flats, and West End deposits comprising approximately 11,548 hectares of unpatented and patented claims located in Valley County, Idaho.

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