Bluestone Resources Inc. (OTCMKTS:BBSRF) Sees Large Decline in Short Interest

Bluestone Resources Inc. (OTCMKTS:BBSRF) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 32,600 shares, a decline of 6.1% from the September 30th total of 34,700 shares. Based on an average daily trading volume, of 24,400 shares, the days-to-cover ratio is currently 1.3 days.

Bluestone Resources Stock Down 2.6 %

Shares of BBSRF opened at $0.21 on Friday. The firm’s 50 day moving average price is $0.24 and its two-hundred day moving average price is $0.28. Bluestone Resources has a twelve month low of $0.13 and a twelve month high of $0.61.

About Bluestone Resources

Bluestone Resources Inc engages in the exploration and development of precious metals. Its flagship asset is the Cerro Blanco gold project located in Southern Guatemala in the department of Jutiapa. The company was formerly known as Indicator Minerals Inc and changed its name to Bluestone Resources Inc in January 2012.