Short Interest in Coppernico Metals Inc (OTCMKTS:CPPMF) Declines By 32.8%

Coppernico Metals Inc (OTCMKTS:CPPMF) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 179,071 shares, a drop of 32.8% from the August 15th total of 266,586 shares. Based on an average daily trading volume, of 426,567 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Coppernico Metals Trading Down 7.7%

CPPMF stock opened at $0.29 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.87 and a current ratio of 1.22. The company’s 50-day simple moving average is $0.27 and its 200 day simple moving average is $0.27. Coppernico Metals has a 52 week low of $0.12 and a 52 week high of $0.50. The company has a market capitalization of $61.33 million, a PE ratio of 3.18 and a beta of 2.01.

Coppernico Metals Company Profile

Coppernico Metals Inc is a mineral exploration company focused on the discovery and advancement of copper-gold deposits in the Americas. The company’s activities include geological mapping, geophysical surveys, drilling, resource evaluation and other exploration work intended to identify and define mineralized zones.

Coppernico’s principal asset is the Sombrero Project in southern Peru, a large-scale copper-gold exploration property in the Andahuaylas-Yauri belt. The project includes multiple exploration targets and is being evaluated for porphyry and skarn-style mineralization.