Fortitude Gold Co. (OTCMKTS:FTCO – Get Free Report) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 14,190 shares, an increase of 149.0% from the June 15th total of 5,699 shares. Based on an average daily volume of 96,238 shares, the days-to-cover ratio is presently 0.1 days.
Fortitude Gold Trading Up 0.5%
OTCMKTS:FTCO traded up $0.02 on Tuesday, hitting $4.78. The stock had a trading volume of 264 shares, compared to its average volume of 60,198. Fortitude Gold has a 1 year low of $3.43 and a 1 year high of $6.10. The firm’s fifty day simple moving average is $4.84 and its two-hundred day simple moving average is $5.03.
About Fortitude Gold
Fortitude Gold Corporation is a U.S.-based gold producer and exploration company traded on the OTC Markets under the symbol FTCO. The company’s principal asset is the Pan Mine, an open-pit, heap-leach gold operation located on the prolific Carlin Trend in Elko County, Nevada. Through its wholly owned subsidiary, Fortitude Gold Mining Company, it focuses on the extraction, processing and sale of gold dore bars to regional refineries.
The Pan Mine employs conventional open-pit mining techniques followed by carbon-in-leach processing to recover gold from low-grade ore.
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