Vista Gold Corp. (NYSEAMERICAN:VGZ) (TSE:VGZ) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,590,486 shares, a growth of 6.0% from the November 30th total of 1,500,052 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average trading volume of 423,911 shares, the days-to-cover ratio is currently 3.8 days.
In other news, Director Tracy Austin Stevenson bought 50,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average price of $0.61 per share, for a total transaction of $30,500.00. Following the acquisition, the director now directly owns 285,398 shares of the company’s stock, valued at approximately $174,092.78. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Separately, HC Wainwright set a $2.00 price objective on shares of Vista Gold and gave the stock a “buy” rating in a report on Tuesday, November 28th.
Vista Gold (NYSEAMERICAN VGZ) traded down $0.01 during midday trading on Thursday, reaching $0.73. 214,500 shares of the company were exchanged, compared to its average volume of 352,257. The company has a market capitalization of $76.30, a PE ratio of -7.30 and a beta of -1.99. Vista Gold has a twelve month low of $0.60 and a twelve month high of $1.24.
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Vista Gold Company Profile
Vista Gold Corp. is engaged in the gold mining industry. The Company focuses on the evaluation, acquisition, exploration and advancement of gold exploration. The Company operates in the segment of evaluation, acquisition and exploration activities, which focus principally in Australia. The Company’s principal asset is its Mt Todd gold project in Northern Territory, Australia.
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