Short Interest in Lundin Gold Inc. (OTCMKTS:LUGDF) Grows By 18.6%

Lundin Gold Inc. (OTCMKTS:LUGDF) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 2,188,200 shares, a growth of 18.6% from the December 31st total of 1,845,200 shares. Based on an average daily volume of 24,900 shares, the short-interest ratio is presently 87.9 days.

Lundin Gold Trading Up 1.8 %

Shares of OTCMKTS LUGDF traded up C$0.44 during midday trading on Monday, reaching C$25.21. The company had a trading volume of 14,957 shares, compared to its average volume of 12,879. Lundin Gold has a 1 year low of C$10.49 and a 1 year high of C$29.11. The business’s 50-day simple moving average is C$23.00 and its 200 day simple moving average is C$21.69.

Lundin Gold Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.1991 per share. This represents a dividend yield of 3.45%. The ex-dividend date was Thursday, December 5th.

Lundin Gold Company Profile

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.