Capricorn Metals Ltd (OTCMKTS:CRNLF) Stock Short Interest Report for September

Capricorn Metals Ltd (OTCMKTS:CRNLF) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 32,602 shares, a drop of 57.9% from the September 15th total of 77,406 shares. Based on an average daily volume of 794 shares, the short-interest ratio is presently 41.1 days.

Wall Street Analyst Weigh In

CRNLF has been the subject of a number of recent research reports. UBS Group initiated coverage on Capricorn Metals in a report on Friday, June 26th. They issued a “buy” rating and a $17.00 target price for the company. The Goldman Sachs Group raised Capricorn Metals from a “neutral” rating to a “buy” rating and set a $18.40 price target on the stock in a research note on Monday, September 14th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Capricorn Metals currently has an average rating of “Buy”.

Capricorn Metals Price Performance

Capricorn Metals stock opened at C$10.58 on Wednesday. The stock has a 50-day simple moving average of C$11.49 and a 200 day simple moving average of C$9.88. Capricorn Metals has a 12-month low of C$6.57 and a 12-month high of C$13.75.

About Capricorn Metals

Capricorn Metals Ltd. is an Australian gold mining and exploration company focused on developing and operating gold assets in Western Australia. The company’s principal operation is the Karlawinda Gold Project, located in the Pilbara region near Newman.

Karlawinda includes open-pit mining and an on-site processing facility that produces gold doré. Capricorn Metals is also advancing the Mt Gibson Gold Project in the Murchison region of Western Australia, while conducting exploration to identify additional mineral resources and extend the life of its operations.

The company’s activities span mineral exploration, project development, mining, ore processing and gold production.