Gold and Precious Metals

Short Interest in Silver One Resources Inc. (OTCMKTS:SLVRF) Rises By 9,737.5%

Silver One Resources Inc. (OTCMKTS:SLVRFGet Rating) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 78,700 shares, an increase of 9,737.5% from the April 30th total of 800 shares. Based on an average trading volume of 1,079,000 shares, the days-to-cover ratio is currently 0.1 days.

Shares of SLVRF traded up $0.01 on Wednesday, hitting $0.26. The company’s stock had a trading volume of 102,003 shares, compared to its average volume of 285,417. The firm’s fifty day moving average price is $0.33 and its 200-day moving average price is $0.33. Silver One Resources has a fifty-two week low of $0.19 and a fifty-two week high of $0.67.

About Silver One Resources (Get Rating)

Silver One Resources Inc, together with its subsidiary, acquires, explores for, and develops silver properties in Canada and the United States. The company holds an option to acquire a 100% interest in the Candelaria silver project located in Nevada. It also holds interest in the Cherokee project covering an area of 5,200 hectares located in Nevada; and an option to acquire a 100% interest in the Phoenix silver property that consists of 86 unpatented lode claims and 2 unpatented placer claims located in Gila County, Arizona.

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