Lundin Gold Inc. (OTCMKTS:LUGDF) Sees Significant Decline in Short Interest

Lundin Gold Inc. (OTCMKTS:LUGDF) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 1,534,500 shares, a decrease of 13.8% from the August 31st total of 1,780,900 shares. Based on an average daily volume of 45,900 shares, the days-to-cover ratio is currently 33.4 days.

Lundin Gold Stock Down 3.0 %

Shares of OTCMKTS:LUGDF opened at C$21.60 on Friday. Lundin Gold has a fifty-two week low of C$10.24 and a fifty-two week high of C$23.75. The firm’s 50 day moving average price is C$19.20 and its 200 day moving average price is C$16.08.

Lundin Gold Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were given a dividend of $0.2002 per share. This represents a dividend yield of 3.99%. The ex-dividend date of this dividend was Tuesday, September 10th. This is an increase from Lundin Gold’s previous dividend of $0.10.

Lundin Gold Company Profile

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.