Coppernico Metals Inc (OTCMKTS:CPPMF) Sees Large Decrease in Short Interest

Coppernico Metals Inc (OTCMKTS:CPPMF) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 64,900 shares, a decrease of 49.1% from the October 15th total of 127,600 shares. Based on an average daily trading volume, of 144,100 shares, the short-interest ratio is currently 0.5 days.

Coppernico Metals Price Performance

Shares of CPPMF remained flat at $0.20 during trading hours on Thursday. 31,777 shares of the stock traded hands, compared to its average volume of 42,317. The company has a market capitalization of $42.88 million, a price-to-earnings ratio of 2.22 and a beta of 2.01. The business’s fifty day simple moving average is $0.30 and its 200-day simple moving average is $0.25. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 0.36. Coppernico Metals has a 52 week low of $0.00 and a 52 week high of $0.41.

Coppernico Metals Company Profile

Copper Mountain Mining Corporation engages in the mining, exploration, and development of mineral properties in Canada. It explores for copper, gold, and silver deposits. The company holds 75% interests in the Copper Mountain mine comprising 135 crown-granted mineral claims, 145 located mineral claims, 14 mining leases, 12 fee simple properties, and seven cell claims that covers an area of approximately 6,354 hectares located to the south of Princeton, British Columbia.