Medaro Mining Corp. (OTCMKTS:MEDAF) Sees Large Increase in Short Interest

Medaro Mining Corp. (OTCMKTS:MEDAF) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 71,825 shares, a growth of 27.4% from the February 26th total of 56,373 shares. Based on an average trading volume of 20,767 shares, the days-to-cover ratio is currently 3.5 days.

Medaro Mining Stock Performance

Shares of OTCMKTS:MEDAF opened at $0.43 on Tuesday. Medaro Mining has a 1-year low of $0.02 and a 1-year high of $0.56. The firm has a fifty day moving average price of $0.37 and a 200 day moving average price of $0.23.

Medaro Mining Company Profile

Medaro Mining Corp. acquires, explores, and evaluates mineral resource properties in Canada. The company holds an option to acquire 100% interest in the Superb Lake property that consists of 8 mining claims covering an area of approximately 2,187 hectares located in the Thunder Bay mining district of Northwestern Ontario, Canada; and CYR South lithium property that consists of 52 mineral claims covering an area of approximately 2,748 hectares located in James Bay area of Quebec. It also holds an option to acquire 70% interest in the Yurchison Uranium property that consists of 12 mining claims covering an area of 55,934 hectares located in the Wollaston Domain, Northern Saskatchewan; and an option to acquire 100% interest in the Darlin Li-Be Property in Quebec.