Accelerate Resources Ltd (NYSEAMERICAN:RHE) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 200,798 shares, a drop of 17.9% from the January 12th total of 244,714 shares. Based on an average trading volume of 179,570 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.2% of the shares of the company are short sold.

Shares of Accelerate Resources (NYSEAMERICAN:RHE) opened at $0.20 on Monday. Accelerate Resources has a twelve month low of $0.16 and a twelve month high of $1.59. The firm has a market capitalization of $4.37, a PE ratio of -0.32 and a beta of 0.97.

Accelerate Resources (NYSEAMERICAN:RHE) last announced its quarterly earnings data on Thursday, November 9th. The company reported ($0.08) earnings per share for the quarter.

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Accelerate Resources Company Profile

Accelerate Resources Limited is an Australia-based mineral exploration company. The Company is focused on offering cobalt copper and gold exploration services. The Company’s assets consist of rights over 8 exploration licenses and applications. Its projects include Mt Read Cobalt Tenements and the WA Gold Tenements.

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