Short Interest in Lundin Gold Inc. (OTCMKTS:LUGDF) Rises By 29.4%

Lundin Gold Inc. (OTCMKTS:LUGDF) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 717,200 shares, an increase of 29.4% from the March 15th total of 554,100 shares. Based on an average trading volume of 14,600 shares, the days-to-cover ratio is presently 49.1 days.

Lundin Gold Stock Performance

Shares of OTCMKTS:LUGDF traded up C$0.01 on Monday, reaching C$13.35. 17,776 shares of the company were exchanged, compared to its average volume of 16,897. The company has a 50-day moving average of C$12.68 and a 200-day moving average of C$12.15. Lundin Gold has a 1-year low of C$10.24 and a 1-year high of C$14.44.

Lundin Gold Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were issued a $0.0997 dividend. The ex-dividend date was Thursday, March 7th. This represents a dividend yield of 3.49%. This is a boost from Lundin Gold’s previous dividend of $0.10.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.