TALGA RESOURCES LTD. ORDINARY SHARES AU (OTCMKTS:TLGRF) Could Burn Your Long Portfolio After More Shorts

July 14, 2018 - By Michael Collier

The stock of TALGA RESOURCES LTD. ORDINARY SHARES AU (OTCMKTS:TLGRF) registered an increase of 97.67% in short interest. TLGRF’s total short interest was 8,500 shares in July as published by FINRA. Its up 97.67% from 4,300 shares, reported previously. With 9,400 shares average volume, it will take short sellers 1 days to cover their TLGRF’s short positions. The short interest to TALGA RESOURCES LTD. ORDINARY SHARES AU’s float is 0.01%.

The stock decreased 3.12% or $0.015 during the last trading session, reaching $0.465. About 1,450 shares traded. Talga Resources Limited (OTCMKTS:TLGRF) has 0.00% since July 14, 2017 and is . It has underperformed by 12.57% the S&P500.

Talga Resources Limited engages in the exploration and development of graphite properties. The company has market cap of $107.60 million. It also explores for iron ore, cobalt, copper, and gold deposits. It currently has negative earnings. The firm holds 100% interests in the graphite projects located in Norrbotten County, north Sweden.

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