Emergent Metals Corp. (OTCMKTS:EGMCF) Sees Large Growth in Short Interest

Emergent Metals Corp. (OTCMKTS:EGMCF) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 59,040 shares, a growth of ∞ from the June 30th total of 0 shares. Based on an average daily volume of 297,664 shares, the short-interest ratio is currently 0.2 days.

Emergent Metals Stock Performance

Emergent Metals stock remained flat at $0.05 during mid-day trading on Friday. 156,000 shares of the company’s stock were exchanged, compared to its average volume of 179,978. The company has a fifty day moving average price of $0.05 and a two-hundred day moving average price of $0.07. Emergent Metals has a twelve month low of $0.01 and a twelve month high of $0.14.

About Emergent Metals

Emergent Metals (OTCMKTS:EGMCF) is a Vancouver-based precious metals streaming and royalty company that provides upfront financing to mineral producers in exchange for future deliveries of metals such as gold, silver and platinum group elements. By acquiring streams and royalties rather than operating its own mines, the company seeks to generate long-term, low-cost exposure to a diversified portfolio of producing and development-stage metal projects.

The company’s business model centers on negotiating agreements with established mining operators to secure a percentage of metal production at predetermined prices.