Imperial Metals Co. (OTCMKTS:IPMLF) Sees Significant Growth in Short Interest

Imperial Metals Co. (OTCMKTS:IPMLF) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 315,200 shares, an increase of 12.9% from the June 15th total of 279,100 shares. Based on an average daily trading volume, of 7,600 shares, the days-to-cover ratio is presently 41.5 days.

Imperial Metals Price Performance

IPMLF remained flat at $1.58 during midday trading on Tuesday. 800 shares of the company’s stock were exchanged, compared to its average volume of 10,862. Imperial Metals has a 1 year low of $1.36 and a 1 year high of $2.07. The company’s 50 day moving average is $1.71 and its 200-day moving average is $1.72.

About Imperial Metals

Imperial Metals Corporation, together with its subsidiaries, engages in the exploration, development, and production of base and precious metals in the United States, Switzerland, China, the Philippines, Singapore, and Canada. It explores for copper, gold, silver, and other precious metals. The company holds 100% interests in the Mount Polley open-pit copper-gold mine located in south-central British Columbia; and the Huckleberry copper mine located in west-central British Columbia.