Signal Gold Inc. (OTCMKTS:SGNLF) Sees Large Growth in Short Interest

Signal Gold Inc. (OTCMKTS:SGNLF) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 61,600 shares, a growth of 94.3% from the March 31st total of 31,700 shares. Based on an average daily trading volume, of 82,300 shares, the short-interest ratio is presently 0.7 days.

Signal Gold Stock Performance

Signal Gold stock remained flat at C$0.08 during midday trading on Friday. The company had a trading volume of 40,000 shares, compared to its average volume of 26,399. The stock has a fifty day simple moving average of C$0.08 and a two-hundred day simple moving average of C$0.09. Signal Gold has a 12-month low of C$0.06 and a 12-month high of C$0.25.

About Signal Gold

Signal Gold Inc operates as a gold development and exploration company in Canada. The company holds a 100% interest in the Goldboro Gold project covering an area of 27, 200 hectares situated to the 175 kilometers northeast of Halifax, Nova Scotia. It also owns a Tilt Cove Gold and copper project that covers an area of approximately 19, 450 hectares located within the Baie Verte Mining District, Newfoundland.