Is Buying WESDOME GOLD MINES LTD ORDINARY SHARES (OTCMKTS:WDOFF), Having Lower Short Interest a Winning Strategy?

June 15, 2018 - By Louis Casey

Wesdome Gold Mines Ltd. (OTCMKTS:WDOFF) Logo

The stock of WESDOME GOLD MINES LTD ORDINARY SHARES (OTCMKTS:WDOFF) registered a decrease of 14.31% in short interest. WDOFF’s total short interest was 1.70M shares in June as published by FINRA. Its down 14.31% from 1.98M shares, reported previously. With 91,000 shares average volume, it will take short sellers 19 days to cover their WDOFF’s short positions. The short interest to WESDOME GOLD MINES LTD ORDINARY SHARES’s float is 1.28%.

The stock decreased 2.48% or $0.05 during the last trading session, reaching $1.97. About shares traded. Wesdome Gold Mines Ltd. (OTCMKTS:WDOFF) has 0.00% since June 15, 2017 and is . It has underperformed by 12.57% the S&P500.

Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, and sells gold in Canada. The company has market cap of $262.03 million. It principally produces gold in the form of dor?? bars; and silver as a by-product. It has a 123.12 P/E ratio. The company??s principal assets include the Eagle River Mine, which consists of 3 contiguous mining leases and 442 contiguous active mining claims covering an area of 7,958 hectares; the Mishi Mine that consists of 19 patented mining claims, 5 mining leases, and 5 staked claims covering an area of 3,055 hectares; and the Eagle River Mill located near Wawa, Ontario.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: