Elemental Altus Royalties Corp. (OTCMKTS:ELEMF) Sees Large Increase in Short Interest

Elemental Altus Royalties Corp. (OTCMKTS:ELEMF) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 725,500 shares, an increase of 2,009.0% from the August 31st total of 34,400 shares. Based on an average daily trading volume, of 667,000 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 667,000 shares, the days-to-cover ratio is currently 1.1 days.

Elemental Altus Royalties Price Performance

Shares of Elemental Altus Royalties stock opened at $18.02 on Thursday. Elemental Altus Royalties has a 12-month low of $0.74 and a 12-month high of $1.78. The company’s 50-day moving average price is $4.86 and its 200-day moving average price is $2.42.

About Elemental Altus Royalties

Elemental Altus Royalties Corp., a precious metals royalty company, engages in the acquisition of royalties, streams, and other rights over mining projects. It has a portfolio of 11 royalties and streams in Australia, Chile, Canada, Burkina Faso, Cote d'Ivoire, Mexico, and Kenya. The company is headquartered in Vancouver, Canada.