Neometals Ltd Sees Significant Decrease in Short Interest

Neometals Ltd (OTCMKTS:RDRUY – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 1,600 shares, a drop of 23.8% from the June 15th total of 2,100 shares. Based on an average daily volume of 300 shares, the short-interest ratio is presently 5.3 days.

Neometals Stock Down 2.2 %

Shares of OTCMKTS:RDRUY opened at C$3.59 on Monday. Neometals has a 12-month low of C$3.21 and a 12-month high of C$11.79. The business has a fifty day simple moving average of C$3.55 and a 200 day simple moving average of C$4.46.

Neometals Company Profile

Neometals Ltd explores for mineral projects in Australia. The company operates through three segments: Lithium, Titanium/Vanadium, and Other. Its projects include the Lithium-ion Battery Recycling project, which recovers cobalt and other materials from spent and scrap lithium batteries; Vanadium Recovery project, which recovers vanadium pentoxide through processing of steelmaking by-products; Lithium Refinery project; and Barrambie Titanium and Vanadium project located in Western Australia.

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