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

Capricorn Metals Ltd (OTCMKTS:CRNLF) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 8,337 shares, a decline of 74.4% from the September 30th total of 32,602 shares. Based on an average daily trading volume, of 544 shares, the short-interest ratio is presently 15.3 days.

Capricorn Metals Stock Performance

CRNLF opened at C$9.25 on Wednesday. Capricorn Metals has a 1 year low of C$6.57 and a 1 year high of C$13.75. The stock’s 50 day simple moving average is C$11.18 and its 200-day simple moving average is C$9.79.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Capricorn Metals from a “neutral” rating to a “buy” rating and set a $18.40 price objective for the company in a research note on Monday, September 14th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Capricorn Metals Company Profile

Capricorn Metals Limited is an Australian gold exploration, development and production company. Its principal asset is the Karlawinda Gold Project in the Pilbara region of Western Australia, where the company operates the Karlawinda gold mine and produces gold doré.

The Karlawinda project includes the Bibra open-pit mine, processing facilities and associated infrastructure. Capricorn Metals has advanced the project from exploration and development into commercial gold production, with its activities focused on mine operations, mineral processing, exploration and resource growth.

The company’s operations and exploration portfolio are concentrated in Western Australia, a major Australian mining jurisdiction.