Coppernico Metals Inc (OTCMKTS:CPPMF) Stock Short Interest Climbs 101.0%

Coppernico Metals Inc (OTCMKTS:CPPMF) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 359,890 shares, an increase of 101.0% from the August 31st total of 179,071 shares. Based on an average trading volume of 306,355 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.2% of the shares of the stock are short sold.

Coppernico Metals Price Performance

Shares of OTCMKTS CPPMF traded down $0.02 during trading on Monday, reaching $0.27. The company had a trading volume of 382,977 shares, compared to its average volume of 200,233. Coppernico Metals has a 52 week low of $0.12 and a 52 week high of $0.50. The stock has a market cap of $57.41 million, a PE ratio of 2.98 and a beta of 2.01. 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 business’s 50 day moving average price is $0.28 and its 200-day moving average price is $0.27.

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.