Northern Vertex Mining Corp. (OTCMKTS:NHVCF) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 6,000 shares, a decrease of 82.5% from the August 15th total of 34,300 shares. Based on an average daily trading volume, of 157,600 shares, the days-to-cover ratio is currently 0.0 days.
Separately, Stifel Nicolaus began coverage on Northern Vertex Mining in a research note on Thursday, June 17th. They set a “buy” rating for the company.
Shares of OTCMKTS:NHVCF remained flat at $$0.24 on Wednesday. The stock had a trading volume of 33,346 shares, compared to its average volume of 127,964. Northern Vertex Mining has a 12 month low of $0.20 and a 12 month high of $0.57. The company’s 50 day moving average price is $0.24 and its 200-day moving average price is $0.28.
Northern Vertex Mining Corp. acquires, explores for, develops, and operates mineral properties in the United States and Canada. Its flagship project is the 100% owned Moss Gold-Silver mine covering an area of approximately 169 square kilometers located in Mohave County, Arizona. It also holds interests in the Hercules Gold Project located in Walker Lane Gold Trend in western Nevada.
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