After Reaching Milestone, Is ANACONDA MINING INC COMMON SHARES (OTCMKTS:ANXGF)’s Short Interest Revealing Something?

June 18, 2018 - By Henry Gaston

Anaconda Mining Inc. (OTCMKTS:ANXGF) Logo

The stock of ANACONDA MINING INC COMMON SHARES (OTCMKTS:ANXGF) registered a decrease of 49.61% in short interest. ANXGF’s total short interest was 13,000 shares in June as published by FINRA. Its down 49.61% from 25,800 shares, reported previously. With 89,700 shares average volume, it will take short sellers 0 days to cover their ANXGF’s short positions. The short interest to ANACONDA MINING INC COMMON SHARES’s float is 0.01%.

The stock increased 0.86% or $0.0024 during the last trading session, reaching $0.2824. About shares traded. Anaconda Mining Inc. (OTCMKTS:ANXGF) has 0.00% since June 18, 2017 and is . It has underperformed by 12.57% the S&P500.

Anaconda Mining Inc. operates as a gold mining, development, and exploration firm in Canada. The company has market cap of $30.65 million. It holds 100% interest in the Point Rousse project covering an area of 5,794 hectares located in the Baie Verte Mining District, Newfoundland; Goldboro project comprising 37 contiguous claims covering an area of 600 hectares located to the northeast of Halifax, Nova Scotia; and Viking project that covers an area of 6,225 hectares of prospective land located in Newfoundland. It has a 23.53 P/E ratio. The firm also holds 100% interest in the Great Northern project that covers an area of approximately 6,375 hectares located near the community of Jackson's Arm, Newfoundland; and has an option agreement to acquire 100% interest in the Tilt Cove property covering an area of 350 hectares located within the Baie Verte Mining District.

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