Asiamet Resources Limited (OTCMKTS:KMGLF) Sees Significant Increase in Short Interest

Asiamet Resources Limited (OTCMKTS:KMGLF – Get Rating) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 58,300 shares, a growth of 27.6% from the May 15th total of 45,700 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Shares of OTCMKTS:KMGLF remained flat at $$0.01 during trading on Thursday. Asiamet Resources has a fifty-two week low of $0.00 and a fifty-two week high of $0.10. The stock has a 50-day moving average of $0.01 and a 200 day moving average of $0.02.

About Asiamet Resources (Get Rating)

Asiamet Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Indonesia. The company explores for copper, gold, zinc, lead, and silver deposits. Its flagship project is the BKM copper project, which covers an area of 390 square kilometers located in Kalimantan.

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