Capricorn Metals Ltd (OTCMKTS:CRNLF – Get Free Report) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 77,406 shares, a decrease of 36.7% from the August 31st total of 122,235 shares. Based on an average daily volume of 807 shares, the days-to-cover ratio is currently 95.9 days.
Capricorn Metals Stock Performance
Shares of OTCMKTS:CRNLF remained flat at C$11.20 on Thursday. 275 shares of the company’s stock were exchanged, compared to its average volume of 930. The business has a fifty day simple moving average of C$11.26 and a 200-day simple moving average of C$9.70. Capricorn Metals has a 52 week low of C$6.57 and a 52 week high of C$13.75.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. UBS Group assumed coverage on Capricorn Metals in a research note on Friday, June 26th. They issued a “buy” rating and a $17.00 price target for the company. The Goldman Sachs Group upgraded Capricorn Metals from a “neutral” rating to a “buy” rating and set a $18.40 price objective on the stock in a research note on Monday, September 14th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Capricorn Metals presently has an average rating of “Buy”.
About Capricorn Metals
Capricorn Metals Ltd. is an Australian gold mining and exploration company focused on developing and operating gold assets in Western Australia. The company’s principal operation is the Karlawinda Gold Project, located in the Pilbara region near Newman.
Karlawinda includes open-pit mining and an on-site processing facility that produces gold doré. Capricorn Metals is also advancing the Mt Gibson Gold Project in the Murchison region of Western Australia, while conducting exploration to identify additional mineral resources and extend the life of its operations.
The company’s activities span mineral exploration, project development, mining, ore processing and gold production.
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