Probe Gold Inc. (OTCMKTS:PROBF) Sees Large Drop in Short Interest

Probe Gold Inc. (OTCMKTS:PROBF) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 31,100 shares, a decline of 24.0% from the August 15th total of 40,900 shares. Based on an average daily volume of 57,400 shares, the days-to-cover ratio is presently 0.5 days.

Probe Gold Trading Up 4.7 %

PROBF opened at $1.34 on Monday. Probe Gold has a 1-year low of $0.71 and a 1-year high of $1.34. The firm’s 50 day simple moving average is $0.95 and its two-hundred day simple moving average is $1.01.

About Probe Gold

Probe Gold Inc, a precious metal exploration company, engages in the acquisition, exploration, and development of gold properties in Canada. Its flagship asset is its 100%-owned Novador property comprising 436 square kilometers, which includes the Monique, Pascalis, and Courvan trends and their deposits located in the city of Val-d'Or, Quebec.