Neometals Ltd (OTCMKTS:RDRUY – Get Rating) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 100 shares, a drop of 66.7% from the December 31st total of 300 shares. Based on an average daily trading volume, of 300 shares, the short-interest ratio is presently 0.3 days.

Neometals Stock Performance

Shares of OTCMKTS:RDRUY remained flat at C$6.25 during midday trading on Thursday. The company had a trading volume of 80 shares, compared to its average volume of 440. Neometals has a twelve month low of C$5.20 and a twelve month high of C$15.00. The company has a 50-day simple moving average of C$6.27.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada initiated coverage on Neometals in a research report on Friday, October 7th. They issued an "outperform" rating for the company.

About Neometals

Neometals Ltd. engages in mineral exploration. It operates through the following segments: Lithium, Titanium/Vanadium, and Others segments. Its projects include Mount Edwards, ELi Process, and Barrambie Vanadium and Titanium. The company was founded by Christopher John Reed on December 20, 2001 and is headquartered in West Perth, Australia.

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