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

Lundin Gold Inc. (OTCMKTS:LUGDF) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 2,382,200 shares, a decline of 23.3% from the February 28th total of 3,106,100 shares. Based on an average daily volume of 73,500 shares, the days-to-cover ratio is presently 32.4 days.

Lundin Gold Price Performance

Shares of LUGDF opened at C$30.42 on Monday. The company’s 50-day moving average is C$27.62 and its 200-day moving average is C$24.53. Lundin Gold has a fifty-two week low of C$13.17 and a fifty-two week high of C$31.55.

Lundin Gold Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were given a dividend of $0.3027 per share. The ex-dividend date was Tuesday, March 11th. This is an increase from Lundin Gold’s previous dividend of $0.20. This represents a yield of 4.24%.

About Lundin Gold

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.