Mako Mining Corp. (NASDAQ:MAKO – Get Free Report) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 86,955 shares, a growth of 134.2% from the May 31st total of 37,134 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 205,109 shares, the days-to-cover ratio is presently 0.4 days.
Mako Mining Trading Down 1.5%
Shares of NASDAQ MAKO traded down $0.11 during trading on Monday, reaching $7.36. The company had a trading volume of 102,634 shares, compared to its average volume of 135,040. Mako Mining has a 12 month low of $3.62 and a 12 month high of $8.99. The firm has a market capitalization of $644.63 million and a PE ratio of 28.31.
Analyst Upgrades and Downgrades
Several brokerages have commented on MAKO. Wall Street Zen raised Mako Mining to a “strong-buy” rating in a research note on Friday, April 17th. Weiss Ratings initiated coverage on shares of Mako Mining in a report on Thursday, June 18th. They issued a “buy (b-)” rating for the company. Finally, Zacks Research upgraded shares of Mako Mining to a “hold” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Mako Mining presently has an average rating of “Moderate Buy”.
Mako Mining Corp. is a gold mining company focused on the acquisition, exploration, and development of precious metals assets. The company’s work centers on advancing mining projects and operating producing assets, with an emphasis on generating gold from its portfolio of properties.
The company is based in Canada and has operated in Central America, including Nicaragua, where it has developed and worked on mining assets. Mako Mining’s business activities typically include mine development, mineral exploration, and the processing and sale of gold production from its operations.
Mako Mining was formed through the combination of mining assets and management expertise from earlier-stage precious metals ventures.
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