Lundin Gold Inc. (OTCMKTS:LUGDF) Sees Significant Decline in Short Interest

Posted by Patrick Bannon on Apr 2nd, 2025

Lundin Gold Inc. (OTCMKTS:LUGDF – Get Free Report) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,382,200 shares, a drop of 23.3% from the February 28th total of 3,106,100 shares. Based on an average daily volume of 73,500 shares, the days-to-cover ratio is presently 32.4 days.

Lundin Gold Trading Up 0.9 %

LUGDF opened at C$31.29 on Wednesday. Lundin Gold has a one year low of C$13.17 and a one year high of C$31.55. The business’s 50-day simple moving average is C$27.90 and its 200-day simple moving average is C$24.67.

Lundin Gold Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were paid a $0.3027 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a yield of 4.24%. This is a boost from Lundin Gold’s previous dividend of $0.20.

Lundin Gold Company Profile

(Get Free Report)

Lundin Gold Inc operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares located near the city of Loja in Ecuador.