What Next for GUNGNIR RESOURCES INC ORDINARY SHARES (OTCMKTS:ASWRF) Stock After Increase in Shorted Shares?

October 2, 2018 - By Hazel Jackson

The stock of GUNGNIR RESOURCES INC ORDINARY SHARES (OTCMKTS:ASWRF) registered an increase of 1007.61% in short interest. ASWRF’s total short interest was 101,900 shares in October as published by FINRA. Its up 1007.61% from 9,200 shares, reported previously. With 385,400 shares average volume, it will take short sellers 0 days to cover their ASWRF’s short positions.

The stock decreased 9.11% or $0.0221 during the last trading session, reaching $0.2205. About 226,375 shares traded or 162.86% up from the average. Gungnir Resources Inc. (OTCMKTS:ASWRF) has 0.00% since October 2, 2017 and is . It has underperformed by 15.62% the S&P500.

Gungnir Resources Inc., a junior mineral exploration company, acquires, evaluates, and explores mineral properties in Canada and Sweden. The company has market cap of $14.30 million. It primarily explores for gold and base metals. It has a 31.5 P/E ratio. The firm holds a 100% interest in the Nordanas and Knaften gold exploration projects covering an area of 78.5 square kilometers in the Skellefte Mining District of northern Sweden; and the Rormyrberget and Lappvattnet nickel deposits covering an area of 471.3 hectares in the Vasterbotten District of northern Sweden.

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