Asante Gold Co. (OTCMKTS:ASGOF) Short Interest Down 39.2% in May

Asante Gold Co. (OTCMKTS:ASGOF) saw a large decline in short interest in May. As of May 31st, there was short interest totalling 20,300 shares, a decline of 39.2% from the May 15th total of 33,400 shares. Based on an average daily trading volume, of 800 shares, the short-interest ratio is currently 25.4 days.

Asante Gold Price Performance

OTCMKTS:ASGOF remained flat at C$0.87 during trading hours on Friday. Asante Gold has a one year low of C$0.75 and a one year high of C$1.45. The company’s fifty day moving average price is C$0.89 and its 200-day moving average price is C$0.97.

About Asante Gold

Asante Gold Corporation, a mineral exploration company, engages in the acquisition, exploration, development, and operation of mineral resource properties in the Republic of Ghana. It holds 100% interest in the Fahiakoba concession situated in the Ashanti and Central regions in the Republic of Ghana; and 90% interest in the Bibiani gold mine located in the western region of Ghana.