Coppernico Metals Inc (OTCMKTS:CPPMF) Sees Significant Growth in Short Interest

Coppernico Metals Inc (OTCMKTS:CPPMF) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 359,890 shares, a growth of 101.0% from the August 31st total of 179,071 shares. Based on an average daily volume of 306,355 shares, the short-interest ratio is currently 1.2 days. Currently, 0.2% of the shares of the company are short sold.

Coppernico Metals Stock Performance

OTCMKTS CPPMF opened at $0.27 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.22 and a quick ratio of 0.87. The firm has a market capitalization of $58.53 million, a price-to-earnings ratio of 3.03 and a beta of 2.01. The company’s fifty day moving average is $0.28 and its two-hundred day moving average is $0.27. Coppernico Metals has a 52-week low of $0.12 and a 52-week high of $0.50.

About Coppernico Metals

Coppernico Metals Inc is a mineral exploration company focused on the discovery and advancement of copper-gold deposits in the Americas. The company’s activities include geological mapping, geophysical surveys, drilling, resource evaluation and other exploration work intended to identify and define mineralized zones.

Coppernico’s principal asset is the Sombrero Project in southern Peru, a large-scale copper-gold exploration property in the Andahuaylas-Yauri belt. The project includes multiple exploration targets and is being evaluated for porphyry and skarn-style mineralization.