Capricorn Metals Ltd (OTCMKTS:CRNLF) Sees Large Decrease in Short Interest

Capricorn Metals Ltd (OTCMKTS:CRNLF) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 19,630 shares, a drop of 75.1% from the June 30th total of 78,862 shares. Based on an average daily trading volume, of 342 shares, the days-to-cover ratio is presently 57.4 days.

Capricorn Metals Trading Up 10.1%

OTCMKTS:CRNLF opened at C$9.36 on Tuesday. Capricorn Metals has a one year low of C$5.88 and a one year high of C$12.06. The business’s 50-day simple moving average is C$9.16 and its 200 day simple moving average is C$9.21.

Analyst Ratings Changes

Several research firms recently commented on CRNLF. UBS Group initiated 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. The Goldman Sachs Group lowered shares of Capricorn Metals from a “buy” rating to a “neutral” rating and set a $16.90 price objective on the stock. in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Capricorn Metals presently has a consensus rating of “Moderate Buy”.

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.