Could ALKANE RESOURCES LTD. ORDINARY SHARES A (OTCMKTS:ALKEF) See a Reversal After More Sellers Came In?

October 2, 2018 - By Dolores Ford

Alkane Resources Limited (OTCMKTS:ALKEF) Logo

The stock of ALKANE RESOURCES LTD. ORDINARY SHARES A (OTCMKTS:ALKEF) registered an increase of 43.95% in short interest. ALKEF’s total short interest was 35,700 shares in October as published by FINRA. Its up 43.95% from 24,800 shares, reported previously. With 12,100 shares average volume, it will take short sellers 3 days to cover their ALKEF’s short positions.

The stock increased 11.11% or $0.02 during the last trading session, reaching $0.18. About shares traded. Alkane Resources Limited (OTCMKTS:ALKEF) has 0.00% since October 2, 2017 and is . It has underperformed by 15.62% 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 $99.18 million. It explores for gold, copper, zirconium, hafnium, niobium, tantalum, yttrium, and rare earth elements. It has a 5.14 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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