Signal Gold Inc. (OTCMKTS:SGNLF) Sees Significant Growth in Short Interest

Signal Gold Inc. (OTCMKTS:SGNLF – Get Rating) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 44,000 shares, a growth of 96.4% from the April 30th total of 22,400 shares. Based on an average trading volume of 29,900 shares, the short-interest ratio is presently 1.5 days.

Signal Gold Stock Performance

OTCMKTS SGNLF remained flat at C$0.19 on Friday. The company’s stock had a trading volume of 7,350 shares, compared to its average volume of 19,976. The stock’s 50 day simple moving average is C$0.24 and its two-hundred day simple moving average is C$0.24. Signal Gold has a 1-year low of C$0.18 and a 1-year high of C$0.44.

Signal Gold Company Profile

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Signal Gold Inc operates as a gold mining, development, and exploration company in Canada. It holds a 100% interest in the Point Rousse project comprising 6 mining leases and 7 mineral licenses with a total of 5,552 hectares located in the Baie Verte Mining District, Newfoundland; and the Goldboro Gold project comprising 37 contiguous claims covering an area of 592 hectares situated to the northeast of Halifax, Nova Scotia.