Short Interest in PT Merdeka Copper Gold Tbk (OTCMKTS:PMCGF) Increases By 18,500,000.0%

PT Merdeka Copper Gold Tbk (OTCMKTS:PMCGF) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 185,001 shares, an increase of 18,500,000.0% from the April 15th total of 1 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

PT Merdeka Copper Gold Tbk Price Performance

PMCGF remained flat at $0.10 during trading on Monday. The stock has a 50 day simple moving average of $0.10 and a 200 day simple moving average of $0.10. PT Merdeka Copper Gold Tbk has a twelve month low of $0.10 and a twelve month high of $0.20.

About PT Merdeka Copper Gold Tbk

PT Merdeka Copper Gold Tbk is an Indonesia-based mining company principally engaged in the exploration, development and operation of copper and gold mineral properties. Established in 2011 and listed on the Indonesia Stock Exchange in 2014, the company has rapidly advanced from exploration stages to commercial production, leveraging Indonesia’s abundant mineral resources and supportive regulatory environment.

The company’s flagship assets include the Wetar copper-gold mine in the Maluku Islands, which began production in 2012, and the Tujuh Bukit gold-copper project in East Java.