Coppernico Metals Inc (OTCMKTS:CPPMF) Sees Significant Drop in Short Interest

Coppernico Metals Inc (OTCMKTS:CPPMF) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 67,200 shares, a decline of 17.0% from the November 30th total of 81,000 shares. Based on an average trading volume of 162,000 shares, the short-interest ratio is currently 0.4 days.

Coppernico Metals Price Performance

Shares of CPPMF traded up $0.04 during trading hours on Monday, hitting $0.18. 98,532 shares of the stock were exchanged, compared to its average volume of 45,137. The stock’s 50-day moving average price is $0.22 and its two-hundred day moving average price is $0.24. Coppernico Metals has a 12-month low of $0.00 and a 12-month high of $0.41. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.87 and a current ratio of 1.22. The company has a market cap of $37.73 million, a price-to-earnings ratio of 1.96 and a beta of 2.01.

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.