Short Interest Report: After Reaching Milestone, Is BATTLE MOUNTAIN GOLD (OTCMKTS:BMTNF)’s Short Interest Revealing Something?

November 28, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Report: After Reaching Milestone, Is BATTLE MOUNTAIN GOLD (OTCMKTS:BMTNF)’s Short Interest Revealing Something?

The stock of BATTLE MOUNTAIN GOLD (OTCMKTS:BMTNF) registered a decrease of 64.29% in short interest. BMTNF’s total short interest was 1,000 shares in November as published by FINRA. Its down 64.29% from 2,800 shares, reported previously. The stock closed at $0.3 during the last session. It is down 21.05% since April 25, 2016 and is downtrending. It has underperformed by 27.07% the S&P500.

Battle Mountain Gold Inc, formerly Madison Minerals Inc., is engaged in the business of the acquisition and exploration of mineral properties. The company has a market cap of $3.07 million. The Firm has three wholly-owned direct subsidiaries, Madison Enterprises Inc., Madison Enterprises (BVI) Inc., a British Virgin Islands corporation (MBVI) which, in turn, holds a 100% interest in Madison Enterprises (PNG) Ltd. (MPNG), and Madison Enterprises (Latin American), S.A. (MELA). It currently has negative earnings. MPNG has two wholly owned direct subsidiaries, Frontier Mining & Exploration Limited (Frontier) and Oakland Limited (Oakland), both Papua New Guinea firms, which in turn own a 100% interest in Matu Mining Limited (Matu).

BMTNF Company Profile

Battle Mountain Gold Inc, formerly Madison Minerals Inc., is engaged in the business of the acquisition and exploration of mineral properties. The Firm has three wholly-owned direct subsidiaries, Madison Enterprises (Nevada) Inc., Madison Enterprises (BVI) Inc., a British Virgin Islands corporation (MBVI) which, in turn, holds a 100% interest in Madison Enterprises (PNG) Ltd. (MPNG), and Madison Enterprises (Latin American), S.A. (MELA). MPNG has two wholly owned direct subsidiaries, Frontier Mining & Exploration Limited (Frontier) and Oakland Limited (Oakland), both Papua New Guinea firms, which in turn own a 100% interest in Matu Mining Limited (Matu). Frontier Mining & Exploration Limited has one wholly owned direct subsidiary, Demil Limited (Demil). In May 2014, the Company announced that it has completed its reverse takeover transaction, as a result the transaction, the Company changed its name from Madison Minerals Inc. to Battle Mountain Gold Inc., and the Company’s wholly-owned subsidiary changed its name from Battle Mountain Gold Inc. to BMG Mining Inc.

More notable recent Battle Mountain Gold Inc (OTCMKTS:BMTNF) news were published by: Marketwatch.com which released: “Gold Standard to Increase Strategic Investment in Battle Mountain Gold Inc.” on June 16, 2016, also Marketwired.com with their article: “Madison Minerals Announces Reverse Takeover Acquisition of Battle Mountain …” published on March 13, 2014, Marketwired.com published: “Battle Mountain Gold Inc. Announces Extension of Option Agreement” on March 26, 2015. More interesting news about Battle Mountain Gold Inc (OTCMKTS:BMTNF) were released by: Marketwatch.com and their article: “Gold Standard Ventures Corp. Increases Strategic Investment in Battle Mountain …” published on September 23, 2016 as well as Midasletter.com‘s news article titled: “S&P/TSX Venture composite Tumbles led by NexGen Energy Ltd., Reservoir …” with publication date: May 09, 2016.

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By Pete Kolinski


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