Capricorn Metals Ltd (OTCMKTS:CRNLF) Sees Large Drop in Short Interest

Capricorn Metals Ltd (OTCMKTS:CRNLF) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 289,700 shares, a drop of 43.9% from the February 28th total of 516,300 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group set a $8.70 price objective on Capricorn Metals in a research note on Tuesday, March 18th.

Capricorn Metals Stock Performance

OTCMKTS:CRNLF remained flat at C$5.25 during mid-day trading on Friday. Capricorn Metals has a 52-week low of C$3.08 and a 52-week high of C$5.52. The company has a fifty day moving average of C$4.96 and a 200 day moving average of C$4.49.

Capricorn Metals Company Profile

Capricorn Metals Ltd engages in the evaluation, exploration, development, and production of gold properties in Australia. It holds a 100% interest in the Karlawinda gold project located in the Pilbara region of Western Australia; and the Mt Gibson Gold Project located in the Murchison region of Western Australia.