Lundin Gold Inc. (OTCMKTS:LUGDF) Short Interest Update

Lundin Gold Inc. (OTCMKTS:LUGDF) was the target 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 short-interest ratio is presently 32.4 days.

Lundin Gold Stock Up 0.9 %

Shares of OTCMKTS LUGDF opened at C$31.29 on Wednesday. The stock has a fifty day moving average price of C$27.90 and a 200 day moving average price of C$24.67. Lundin Gold has a 1-year low of C$13.17 and a 1-year high of C$31.55.

Lundin Gold Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were paid a $0.3027 dividend. This represents a dividend yield of 4.24%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from Lundin Gold’s previous dividend of $0.20.

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.