Rainy Mountain Royalty Corp. is a micro-cap royalty miner trading at the very edge of liquidity — and the data this week reflects that clearly.
The stock last traded at CAD $0.10, a price last recorded on April 22, now eight days stale. That staleness is the story. With a market cap below $2 million USD, RMO trades infrequently enough that even a week's absence of activity is unremarkable. The 1-month change of roughly 5% sounds constructive, but it almost certainly reflects a single print rather than sustained buying interest.
Short interest is technically present but entirely inconsequential. A flat 438 shares have been reported short for every single session stretching back more than six weeks, with zero change day-over-day, week-over-week, or month-over-month. At 0.002% of the float, this is a rounding error. Cost to borrow is quoted at 7.7%, but that figure dates to December 26 — four months ago — and should be treated as directional colour at best, not a live market signal. There is no meaningful short thesis here, and no squeeze dynamic worth naming.
Ownership is heavily concentrated. A single reported holder, Lowell Schmidt, controls nearly 32% of shares outstanding as of mid-March. With just one institutional name on record and a total market cap under $2 million, the register is almost entirely retail and closely held. That concentration cuts both ways: it limits the tradeable float further, but it also means a small number of decisions drive the whole cap structure.
The ORTEX short score sits at 28.7, and the days-to-cover rank registers at the 88th percentile — a number that sounds alarming until you note that days-to-cover of 1.0 on 438 shares reflects essentially no short activity in an illiquid name. The score mechanics work against micro-caps here; percentile ranks lose much of their meaning when the absolute numbers are this small.
The next scheduled event is an earnings release flagged for late August. Prior event history shows a +33% 1-day move following a December 2025 announcement — but at this price level and volume, a single trade can produce that kind of percentage swing. The most relevant thing to watch is whether any trading volume returns to the name before then, and whether Schmidt or any other insider makes a move in the register.
See the live data behind this article on ORTEX.
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