Time to Reconsider ALKANE RESOURCES LTD. ORDINARY SHARES A (OTCMKTS:ALKEF) After Less Short Sellers?

April 17, 2018 - By Peter Erickson

Alkane Resources Limited (OTCMKTS:ALKEF) Logo

The stock of ALKANE RESOURCES LTD. ORDINARY SHARES A (OTCMKTS:ALKEF) registered a decrease of 55.97% in short interest. ALKEF’s total short interest was 25,800 shares in April as published by FINRA. Its down 55.97% from 58,600 shares, reported previously. With 8,900 shares average volume, it will take short sellers 3 days to cover their ALKEF’s short positions. The short interest to ALKANE RESOURCES LTD. ORDINARY SHARES A’s float is 0.01%.

The stock decreased 8.70% or $0.02 during the last trading session, reaching $0.21. About 2,500 shares traded. Alkane Resources Limited (OTCMKTS:ALKEF) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Alkane Resources Limited operates as a multi-commodity mining and exploration firm in the Central West of New South Wales in eastern Australia. The company has market cap of $103.37 million. It explores for gold, copper, zirconium, hafnium, niobium, tantalum, yttrium, and rare earth elements. It has a 11.05 P/E ratio. The firm owns interest in the Tomingley Gold project and the Dubbo Zirconia project located in New South Wales.

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