Evolution Mining Limited (OTCMKTS:CAHPF) Sees Significant Increase in Short Interest

Evolution Mining Limited (OTCMKTS:CAHPF) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 3,222,200 shares, an increase of 13.4% from the June 15th total of 2,842,100 shares. Based on an average daily volume of 27,400 shares, the days-to-cover ratio is currently 117.6 days.

Evolution Mining Stock Performance

Shares of Evolution Mining stock traded up $0.17 during midday trading on Monday, hitting $2.52. The company’s stock had a trading volume of 6,800 shares, compared to its average volume of 14,606. Evolution Mining has a 1-year low of $1.86 and a 1-year high of $2.81. The stock has a 50-day simple moving average of $2.47 and a 200-day simple moving average of $2.34.

About Evolution Mining

Evolution Mining Limited engages in the exploration, mine development and operation, and sale of gold and gold-copper concentrates in Australia and Canada. The company also explores for copper and silver deposits. It owns and operates mines, including Cowal in New South Wales; Ernest Henry and Mt Rawdon in Queensland; Mungari in Western Australia; and Red Lake in Ontario, Canada.