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

Coppernico Metals Inc (OTCMKTS:CPPMF) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 131,498 shares, an increase of 201.9% from the April 15th total of 43,559 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 446,357 shares, the days-to-cover ratio is presently 0.3 days.

Coppernico Metals Trading Up 6.3%

CPPMF stock traded up $0.02 during mid-day trading on Friday, hitting $0.33. 146,983 shares of the company were exchanged, compared to its average volume of 173,991. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $70.19 million, a P/E ratio of 3.64 and a beta of 2.01. The business has a fifty day simple moving average of $0.28 and a 200-day simple moving average of $0.26. Coppernico Metals has a 12-month low of $0.08 and a 12-month high of $0.50.

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. Copper Mountain Mining Corporation was incorporated in 2006 and is headquartered in Vancouver, Canada.