Canadian company B2Gold Corporation showed a 15.01 percent decrease in its shorted shares equivalent to a total of $ 8.98 million announced in February by Financial Industry Regulatory Authority, Inc. (FINRA).
The previous shorted shares of $ 10.56 million is cut down at around $ 1.58 million. Previous position of B2Gold needs at least three days to restore.
B2Gold, however, saw a positive light with it hitting $ 3.14 during February 2’s trading session after a $ 0.03 change leaving the company with a share volume totaling to 5.05 million, 17.68 percent up from its normal.
The company also undergone an uptrend and has moved 2.32 percent since February 2.
B2Gold, with its subsidiaries, involves itself in the exploration and development of mineral properties in the countries of Nicaragua, Namibia, Mali, Colombia, Burkina Faso, Finland, and the Philippines.
The company primarily explores gold, silver, and copper deposits earning them a value of $ 3.13 billion. On the other hand, its price per earnings (P/E) ratio is 30.78.
B2Gold’s mining site in the Philippines is located in Masbate covering an area of approximately 15,209 hectares.
