Neometals Ltd (OTCMKTS:RDRUY – Get Rating) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 2,000 shares, an increase of 33.3% from the November 15th total of 1,500 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is presently 4.0 days.
Neometals Price Performance
Shares of RDRUY remained flat at 6.56 during mid-day trading on Thursday. The stock had a trading volume of 105 shares, compared to its average volume of 1,286. The firm has a 50-day simple moving average of 7.04. Neometals has a 1 year low of 5.83 and a 1 year high of 15.00.
Get Neometals alerts:Wall Street Analyst Weigh In
Separately, Royal Bank of Canada started coverage on Neometals in a research note on Friday, October 7th. They issued an "outperform" rating on the stock.
Neometals Company Profile
(Get Rating)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.
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