Short Interest in Emergent Metals Corp. (OTCMKTS:EGMCF) Drops By 47.8%

Emergent Metals Corp. (OTCMKTS:EGMCF) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 91,791 shares, a decline of 47.8% from the August 15th total of 175,898 shares. Based on an average trading volume of 185,559 shares, the days-to-cover ratio is currently 0.5 days.

Emergent Metals Price Performance

OTCMKTS:EGMCF remained flat at $0.06 during mid-day trading on Wednesday. 32,000 shares of the company traded hands, compared to its average volume of 162,031. The company has a 50 day moving average price of $0.06 and a two-hundred day moving average price of $0.06. Emergent Metals has a 1-year low of $0.02 and a 1-year high of $0.14.

About Emergent Metals

Emergent Metals (OTCMKTS:EGMCF) is a Vancouver-based precious metals streaming and royalty company that provides upfront financing to mineral producers in exchange for future deliveries of metals such as gold, silver and platinum group elements. By acquiring streams and royalties rather than operating its own mines, the company seeks to generate long-term, low-cost exposure to a diversified portfolio of producing and development-stage metal projects.

The company’s business model centers on negotiating agreements with established mining operators to secure a percentage of metal production at predetermined prices.