PT Merdeka Copper Gold Tbk (OTCMKTS:PMCGF) Sees Significant Drop in Short Interest

PT Merdeka Copper Gold Tbk (OTCMKTS:PMCGF) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 1 shares, a decrease of 100.0% from the April 30th total of 185,001 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

PT Merdeka Copper Gold Tbk Stock Performance

PT Merdeka Copper Gold Tbk stock remained flat at $0.10 during trading hours on Wednesday. PT Merdeka Copper Gold Tbk has a twelve month low of $0.10 and a twelve month high of $0.20. The business has a fifty day simple moving average of $0.10 and a 200-day simple moving average of $0.10.

PT Merdeka Copper Gold Tbk Company Profile

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.