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

Asante Gold Co. (OTCMKTS:ASGOF) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 39,200 shares, an increase of 18.4% from the September 15th total of 33,100 shares. Based on an average daily volume of 2,600 shares, the days-to-cover ratio is presently 15.1 days.

Asante Gold Stock Performance

Asante Gold stock remained flat at C$1.01 during trading hours on Tuesday. The firm’s fifty day moving average price is C$0.93 and its 200-day moving average price is C$0.88. Asante Gold has a 1 year low of C$0.66 and a 1 year high of C$1.26.

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.