Asante Gold Co. (OTCMKTS:ASGOF) Sees Significant Growth in Short Interest

Asante Gold Co. (OTCMKTS:ASGOF) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 33,100 shares, a growth of 688.1% from the August 31st total of 4,200 shares. Based on an average daily trading volume, of 14,200 shares, the days-to-cover ratio is presently 2.3 days.

Asante Gold Stock Performance

Shares of ASGOF remained flat at C$1.08 during midday trading on Friday. Asante Gold has a 1-year low of C$0.66 and a 1-year high of C$1.26. The firm has a 50-day moving average of C$0.86 and a 200-day moving average of C$0.87.

About Asante Gold

Asante Gold Corporation, a mineral exploration company, engages in the acquisition, exploration, development, and operation of mineral resource properties in the Republic of Ghana. It holds 100% interest in the Fahiakoba concession situated in the Ashanti and Central regions in the Republic of Ghana; and 90% interest in the Bibiani gold mine located in the western region of Ghana.