Neometals Ltd (OTCMKTS:RRSSF – Get Rating) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 8,000 shares, an increase of 95.1% from the October 15th total of 4,100 shares. Based on an average daily volume of 5,700 shares, the days-to-cover ratio is presently 1.4 days.
Neometals Price Performance
RRSSF stock remained flat at 0.69 during trading on Friday. The company's 50 day simple moving average is 0.77 and its 200 day simple moving average is 0.82. Neometals has a 12 month low of 0.57 and a 12 month high of 1.50.
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Neometals Ltd explores for mineral projects in Australia. The company operates through three segments: Lithium, Titanium/Vanadium, and Other. Its projects include the Lithium-ion Battery Recycling project, which recovers cobalt and other materials from spent and scrap lithium batteries; Vanadium Recovery project, which recovers vanadium pentoxide through processing of steelmaking by-products; Lithium Refinery project; and Barrambie Titanium and Vanadium project located in Western Australia.Read More
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