CMOC Group Limited (OTCMKTS:CMCLF – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 348,465 shares, a drop of 92.0% from the August 15th total of 4,376,747 shares. Based on an average trading volume of 15,079 shares, the days-to-cover ratio is presently 23.1 days.
CMOC Group Stock Performance
CMOC Group stock opened at $2.20 on Friday. The company’s 50-day moving average is $2.16 and its 200-day moving average is $2.33. CMOC Group has a fifty-two week low of $1.45 and a fifty-two week high of $3.55.
About CMOC Group
CMOC Group (OTCMKTS: CMCLF) is a China-based mining and metals company with a diversified portfolio of base metals and critical minerals. The company’s core business activities encompass the exploration, development and production of copper, molybdenum, cobalt, niobium, phosphate, tungsten and gold. Through a combination of wholly owned and joint-venture operations, CMOC Group serves industrial, energy and technology markets worldwide.
Among CMOC Group’s principal assets is the Tenke Fungurume mine in the Democratic Republic of the Congo, one of the world’s largest sources of copper and cobalt.
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