Evolution Mining Limited (OTCMKTS:CAHPF) Short Interest Update

Evolution Mining Limited (OTCMKTS:CAHPF) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 684,761 shares, a growth of 164.1% from the July 15th total of 259,274 shares. Based on an average daily trading volume, of 28,353 shares, the short-interest ratio is currently 24.2 days.

Analyst Ratings Changes

Several research analysts recently weighed in on CAHPF shares. The Goldman Sachs Group upgraded shares of Evolution Mining from a “neutral” rating to a “neutral” rating and set a $12.70 price objective on the stock in a research report on Wednesday, June 3rd. Canaccord Genuity Group set a $12.25 target price on shares of Evolution Mining in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $12.47.

Evolution Mining Trading Up 0.3%

Shares of CAHPF stock opened at $9.73 on Friday. The business’s 50 day moving average price is $8.34 and its 200-day moving average price is $9.23. Evolution Mining has a fifty-two week low of $4.80 and a fifty-two week high of $12.70.

Evolution Mining Company Profile

Evolution Mining is an Australia-based gold and copper producer with its corporate headquarters in Sydney. Listed on the Australian Securities Exchange and trading in the United States on the OTC market as CAHPF, the company focuses on the discovery, development, extraction and processing of mineral resources. Evolution’s integrated operations encompass all stages of the mining value chain, from exploration and project acquisition to production, processing and marketing of precious metals and copper concentrates.

The company’s asset portfolio spans multiple jurisdictions across Australia and North America.