Coppernico Metals Inc (OTCMKTS:CPPMF) Sees Large Decrease in Short Interest

Coppernico Metals Inc (OTCMKTS:CPPMF) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 127,600 shares, a decline of 51.1% from the September 30th total of 260,700 shares. Based on an average daily volume of 63,700 shares, the short-interest ratio is currently 2.0 days.

Coppernico Metals Stock Performance

Shares of Coppernico Metals stock traded down $0.02 on Friday, hitting $0.31. The stock had a trading volume of 47,663 shares, compared to its average volume of 36,129. Coppernico Metals has a 52-week low of $0.00 and a 52-week high of $0.41. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.36. The stock has a market cap of $66.46 million, a price-to-earnings ratio of 3.44 and a beta of 2.01. The company’s 50 day moving average price is $0.29 and its 200 day moving average price is $0.24.

About Coppernico Metals

Copper Mountain Mining Corporation engages in the mining, exploration, and development of mineral properties in Canada. It explores for copper, gold, and silver deposits. The company holds 75% interests in the Copper Mountain mine comprising 135 crown-granted mineral claims, 145 located mineral claims, 14 mining leases, 12 fee simple properties, and seven cell claims that covers an area of approximately 6,354 hectares located to the south of Princeton, British Columbia.