Coppernico Metals Inc (OTCMKTS:CPPMF) Short Interest Down 49.1% in October

Coppernico Metals Inc (OTCMKTS:CPPMF) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 64,900 shares, a decrease of 49.1% from the October 15th total of 127,600 shares. Based on an average trading volume of 144,100 shares, the days-to-cover ratio is currently 0.5 days.

Coppernico Metals Price Performance

CPPMF remained flat at $0.20 during mid-day trading on Thursday. 31,777 shares of the company’s stock traded hands, compared to its average volume of 42,317. Coppernico Metals has a 12 month low of $0.00 and a 12 month high of $0.41. The business’s fifty day simple moving average is $0.30 and its two-hundred day simple moving average is $0.25. The firm has a market cap of $42.88 million, a price-to-earnings ratio of 2.22 and a beta of 2.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.22 and a quick ratio of 0.87.

Coppernico Metals Company Profile

Copper Mountain Mining Corporation engages in the mining, exploration, and development of mineral properties in Canada. It explores for copper, gold, and silver deposits. The company holds 75% interests in the Copper Mountain mine comprising 135 crown-granted mineral claims, 145 located mineral claims, 14 mining leases, 12 fee simple properties, and seven cell claims that covers an area of approximately 6,354 hectares located to the south of Princeton, British Columbia.