Short Interest in Lundin Gold Inc. (OTCMKTS:LUGDF) Declines By 6.3%

Lundin Gold Inc. (OTCMKTS:LUGDF) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 1,072,900 shares, a decrease of 6.3% from the July 15th total of 1,145,100 shares. Based on an average daily trading volume, of 29,300 shares, the days-to-cover ratio is currently 36.6 days.

Lundin Gold Stock Up 3.5 %

LUGDF opened at C$18.87 on Monday. The firm’s fifty day simple moving average is C$15.95 and its two-hundred day simple moving average is C$14.28. Lundin Gold has a 52-week low of C$10.24 and a 52-week high of C$20.00.

Lundin Gold Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 11th were issued a dividend of $0.1003 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a dividend yield of 2.72%. This is a boost from Lundin Gold’s previous dividend of $0.10.

Lundin Gold Company Profile

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.