Signal Gold Inc. (OTCMKTS:SGNLF – Get Rating) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 31,300 shares, a drop of 71.6% from the October 15th total of 110,300 shares. Based on an average daily volume of 34,600 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, Raymond James downgraded Signal Gold from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from C$1.30 to C$1.20 in a report on Wednesday, July 20th.

Signal Gold Trading Up 1.5 %

Shares of SGNLF stock traded up 0.00 during mid-day trading on Friday, hitting 0.25. The company's stock had a trading volume of 4,100 shares, compared to its average volume of 21,215. Signal Gold has a 52 week low of 0.22 and a 52 week high of 0.72. The stock's fifty day simple moving average is 0.27.

Signal Gold Company Profile

Signal Gold Inc operates as a gold mining, development, and exploration company in Canada. It holds a 100% interest in the Point Rousse project comprising 6 mining leases and 7 mineral licenses with a total of 5,552 hectares located in the Baie Verte Mining District, Newfoundland; and the Goldboro Gold project comprising 37 contiguous claims covering an area of 592 hectares situated to the northeast of Halifax, Nova Scotia.

Further Reading

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