Is Buying TEMBO GOLD CORP COMMON SHARES CANADA (OTCMKTS:TBGPF), Having Lower Short Interest a Winning Strategy?

April 16, 2018 - By Rusty Cady

The stock of TEMBO GOLD CORP COMMON SHARES CANADA (OTCMKTS:TBGPF) registered a decrease of 92.73% in short interest. TBGPF’s total short interest was 4,000 shares in April as published by FINRA. Its down 92.73% from 55,000 shares, reported previously. With 36,000 shares average volume, it will take short sellers 0 days to cover their TBGPF’s short positions.

It closed at $0.033 lastly. It is down 0.00% since April 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Tembo Gold Corp. acquires, explores, and develops gold projects in Tanzania. The company has market cap of $3.73 million. The Company’s flagship project is the Tembo gold property that comprises 38 prospecting licenses and license applications covering an area of approximately 110 square kilometers located in the Lake Victoria goldfield district in northwest Tanzania. It currently has negative earnings. The firm was formerly known as Lakota Resources Inc. and changed its name to Tembo Gold Corp. in September 2011.

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