Silver Lake Resources Limited (OTCMKTS:SVLKF) sees significant growth in short-term interest

Silver Lake Resources Limited (OTCMKTS: SVLKFGet a rating) experienced a significant increase in short-term interest rates during the month of March. As of March 31, there was short interest totaling 789,000 shares, an increase of 360.3% from the March 15 total of 171,400 shares. Based on an average daily trading volume of 20,700 shares, the day-to-cover ratio is currently 38.1 days.

Silver Lake Resources Stock opened at $1.60 on Friday. The stock has a 50-day moving average of $1.44 and a 200-day moving average of $1.28. Silver Lake Resources has a 1-year low of $0.88 and a 1-year high of $1.68.

About Silver Lake Resources (Get a rating)

Silver Lake Resources Limited, together with its subsidiaries, is engaged in the exploration, mine development, mining and sale of gold and copper concentrates in the Eastern Goldfields and Midwest regions of Western Australia. The Company holds interests in the Deflector Gold Copper Project which produces gold bullion and gold-copper concentrates located in the Southern Murchison region of Western Australia, including the development and ramp-up of a secondary source of high-grade ore at Rothsay; and the Mount Monger operations, which produce gold bullion located in the Kalgoorlie Terrane Subdivision of the Eastern Goldfields Province.

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