Silver Lake Resources Limited (OTCMKTS:SVLKF) Sees Significant Drop in Short Interest

Silver Lake Resources Limited (OTCMKTS:SVLKFGet Rating) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 60,100 shares, a decrease of 23.2% from the April 15th total of 78,300 shares. Based on an average trading volume of 18,000 shares, the short-interest ratio is presently 3.3 days.

SVLKF traded up $0.02 on Tuesday, hitting $1.04. 6,968 shares of the company traded hands, compared to its average volume of 8,408. Silver Lake Resources has a 12-month low of $0.88 and a 12-month high of $1.68. The company has a 50 day moving average of $1.45 and a 200-day moving average of $1.31.

About Silver Lake Resources (Get Rating)

Silver Lake Resources Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and copper concentrates in Eastern Goldfields and Midwest regions of Western Australia. The company holds interests in the Deflector Gold Copper project that produces gold bullion and gold-copper concentrates located in the Southern Murchison region of Western Australia, including development and ramp up of a secondary high grade ore source at Rothsay; and Mount Monger operations, which produce gold bullion located within the Kalgoorlie terrane subdivision of the Eastern Goldfields Province.

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