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Silver Lake Resources Limited (OTCMKTS:SVLKF) Short Interest Up 1,327.7% in September

kopsource ·  09/28 10:12

Silver Lake Resources Limited (OTCMKTS:SVLKF – Get Rating) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 144,200 shares, an increase of 1,327.7% from the August 31st total of 10,100 shares. Based on an average daily trading volume, of 6,900 shares, the short-interest ratio is presently 20.9 days.

Silver Lake Resources Trading Down 4.7 %

OTCMKTS:SVLKF traded down $0.03 during midday trading on Tuesday, reaching $0.69. 7,500 shares of the company traded hands, compared to its average volume of 8,756. Silver Lake Resources has a twelve month low of $0.66 and a twelve month high of $1.68. The company has a fifty day moving average price of $0.90 and a 200 day moving average price of $1.11.

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Analyst Upgrades and Downgrades

Separately, Macquarie raised shares of Silver Lake Resources to a "buy" rating and set a $2.10 target price on the stock in a report on Thursday, June 2nd.

Silver Lake Resources Company Profile

(Get Rating)

Silver Lake Resources Limited, together with its subsidiaries, engages in the exploration, mine development, mine operation, and sale of gold and copper concentrates in Australia and Canada. The company holds interests in the Deflector operations that produce gold bullion and gold-copper concentrates located in the Southern Murchison region of Western Australia; and Mount Monger operations, which produce gold bullion located within the Kalgoorlie terrane subdivision of the Eastern Goldfields Province.

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