Capricorn Metals Ltd (OTCMKTS:CRNLF) Short Interest Update

Capricorn Metals Ltd (OTCMKTS:CRNLF) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 122,235 shares, a growth of 922.5% from the August 15th total of 11,954 shares. Based on an average trading volume of 881 shares, the days-to-cover ratio is presently 138.7 days.

Analysts Set New Price Targets

CRNLF has been the subject of a number of research reports. The Goldman Sachs Group downgraded shares of Capricorn Metals from a “buy” rating to a “neutral” rating and set a $16.90 target price for the company. in a research report on Wednesday, June 3rd. UBS Group assumed coverage on Capricorn Metals in a research report on Friday, June 26th. They set a “buy” rating and a $17.00 price target on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Capricorn Metals currently has a consensus rating of “Moderate Buy”.

Capricorn Metals Price Performance

Shares of OTCMKTS:CRNLF remained flat at C$11.27 during trading on Thursday. 356 shares of the stock traded hands, compared to its average volume of 953. The business’s 50-day simple moving average is C$10.59 and its two-hundred day simple moving average is C$9.56. Capricorn Metals has a 52-week low of C$6.57 and a 52-week high of C$13.75.

Capricorn Metals Company Profile

Capricorn Metals (OTCMKTS:CRNLF) is an Australian gold exploration and production company focused on the development of its flagship Karlawinda gold project in the Pilbara region of Western Australia. The company holds a 100% interest in the Karlawinda tenements, which cover prospective ground surrounding the main deposit. Karlawinda achieved first gold pour in March 2020 and produces gold dore bars for sale to regional refineries, marking Capricorn’s transition from explorer to producer.

Beyond Karlawinda, Capricorn Metals maintains a portfolio of exploration tenements across Western Australia.