Short Interest in Asante Gold Co. (OTCMKTS:ASGOF) Declines By 83.6%

Asante Gold Co. (OTCMKTS:ASGOF) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 9,600 shares, a decline of 83.6% from the January 15th total of 58,600 shares. Based on an average daily volume of 12,600 shares, the days-to-cover ratio is currently 0.8 days.

Asante Gold Price Performance

Shares of OTCMKTS ASGOF remained flat at C$0.72 during mid-day trading on Wednesday. Asante Gold has a 1-year low of C$0.60 and a 1-year high of C$1.08. The company’s 50-day moving average price is C$0.73 and its two-hundred day moving average price is C$0.86.

About Asante Gold

Asante Gold Corporation, a mineral exploration company, engages in the acquisition, exploration, development, and operation of mineral resource properties in the Republic of Ghana. It holds 100% interest in the Fahiakoba concession situated in the Ashanti and Central regions in the Republic of Ghana; and 90% interest in the Bibiani gold mine located in the western region of Ghana.