Is Buying MIDAS GOLD CORPORATION (OTCMKTS:MDRPF), Having Higher Short Interest a Winning Strategy?

February 15, 2018 - By Darrin Black

The stock of MIDAS GOLD CORPORATION (OTCMKTS:MDRPF) registered an increase of 49.79% in short interest. MDRPF’s total short interest was 36,100 shares in February as published by FINRA. Its up 49.79% from 24,100 shares, reported previously. With 174,900 shares average volume, it will take short sellers 0 days to cover their MDRPF’s short positions.

The stock decreased 4.10% or $0.03245 during the last trading session, reaching $0.75985. About 249,177 shares traded. Midas Gold Corp. (OTCMKTS:MDRPF) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Midas Gold Corp. engages in the acquisition, exploration, and development of mineral properties in the United States. The company has market cap of $140.80 million. It primarily explores for gold, antimony, and silver deposits in the Stibnite-Yellow Pine district of central Idaho. It currently has negative earnings. The companyÂ’s principal mineral project is the Stibnite gold project, which include Yellow Pine, Hangar Flats, and West End deposits comprising approximately 11,548 hectares of unpatented and patented claims located in Valley County, Idaho.

More notable recent Midas Gold Corp. (OTCMKTS:MDRPF) news were published by: Seekingalpha.com which released: “Gold Bulls Should Consider Speculating In Midas Gold” on August 15, 2013, also Globenewswire.com with their article: “Midas Gold Updates Mineral Resources for the Stibnite Gold Project, Idaho” published on February 15, 2018, Globenewswire.com published: “MX Gold Corp. Closes Acquisition of Midas Gold Project in British Columbia’s …” on September 27, 2017. More interesting news about Midas Gold Corp. (OTCMKTS:MDRPF) were released by: Marketwired.com and their article: “Midas Gold’s Plan of Restoration & Operations for its Stibnite Gold Project …” published on December 13, 2016 as well as Marketwired.com‘s news article titled: “Midas Gold to Enter Strategic Relationship With Paulson & Co. and Raise C$55.2 …” with publication date: February 22, 2016.

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