Emergent Metals Corp. (OTCMKTS:EGMCF) Sees Significant Increase in Short Interest

Emergent Metals Corp. (OTCMKTS:EGMCF) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 179,729 shares, a growth of 204.4% from the July 15th total of 59,040 shares. Based on an average daily volume of 181,335 shares, the days-to-cover ratio is currently 1.0 days.

Emergent Metals Stock Up 12.2%

Shares of EGMCF stock traded up $0.01 during trading on Thursday, hitting $0.05. 76,110 shares of the stock traded hands, compared to its average volume of 173,552. Emergent Metals has a 52-week low of $0.01 and a 52-week high of $0.14. The firm’s fifty day moving average price is $0.05 and its 200-day moving average price is $0.07.

Emergent Metals Company Profile

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.