Aldebaran Resources Inc. (OTCMKTS:ADBRF) Sees Significant Growth in Short Interest

Aldebaran Resources Inc. (OTCMKTS:ADBRF) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 92,515 shares, an increase of 54.4% from the July 30th total of 59,929 shares. Based on an average daily volume of 96,550 shares, the short-interest ratio is presently 1.0 days.

Aldebaran Resources Price Performance

Shares of ADBRF opened at $2.15 on Thursday. Aldebaran Resources has a 52-week low of $1.41 and a 52-week high of $3.03. The business’s 50 day moving average price is $2.02 and its two-hundred day moving average price is $2.01.

About Aldebaran Resources

Aldebaran Resources Inc (OTCMKTS:ADBRF) is a mineral exploration company focused on the acquisition, exploration and development of copper–gold porphyry projects in the Americas. Incorporated in Vancouver, Canada, the company targets large-scale, bulk-tonnage deposits and seeks to leverage the growing demand for copper and gold driven by the global transition to low-carbon technologies.

The company’s flagship asset is the Rio Grande property in southwestern Ecuador, where it holds a 100% interest in concessions covering approximately 315 square kilometres in the prolific Andean copper–gold belt.