Coppernico Metals Inc (OTCMKTS:CPPMF) Sees Large Decline in Short Interest

Coppernico Metals Inc (OTCMKTS:CPPMF) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 204,547 shares, a drop of 52.9% from the June 30th total of 434,355 shares. Based on an average daily trading volume, of 259,458 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the shares of the company are sold short.

Coppernico Metals Stock Performance

Coppernico Metals stock traded down $0.00 during trading hours on Tuesday, reaching $0.20. 5,572 shares of the stock were exchanged, compared to its average volume of 172,643. The stock has a market cap of $43.41 million, a P/E ratio of 2.25 and a beta of 2.01. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.87 and a current ratio of 1.22. Coppernico Metals has a 52-week low of $0.10 and a 52-week high of $0.50. The firm’s 50 day moving average is $0.25 and its 200 day moving average is $0.28.

About Coppernico Metals

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. Copper Mountain Mining Corporation was incorporated in 2006 and is headquartered in Vancouver, Canada.