Lundin Gold Inc. (OTCMKTS:LUGDF) Short Interest Down 23.3% in March

Lundin Gold Inc. (OTCMKTS:LUGDF) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 2,382,200 shares, a decline of 23.3% from the February 28th total of 3,106,100 shares. Based on an average trading volume of 73,500 shares, the short-interest ratio is currently 32.4 days.

Lundin Gold Trading Down 0.1 %

OTCMKTS LUGDF opened at C$30.42 on Monday. Lundin Gold has a 52 week low of C$13.17 and a 52 week high of C$31.55. The firm has a 50 day moving average of C$27.62 and a two-hundred day moving average of C$24.53.

Lundin Gold Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were paid a $0.3027 dividend. The ex-dividend date was Tuesday, March 11th. This is a positive change from Lundin Gold’s previous dividend of $0.20. This represents a dividend yield of 4.24%.

About Lundin Gold

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.