Coppernico Metals Inc (OTCMKTS:CPPMF) Shares Shorted: Short Interest Down 71.3% in September

Coppernico Metals Inc (OTCMKTS:CPPMF) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 103,142 shares, a decline of 71.3% from the September 15th total of 359,890 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 418,151 shares, the short-interest ratio is currently 0.2 days.

Coppernico Metals Trading Down 0.1%

Shares of OTCMKTS CPPMF opened at $0.28 on Tuesday. The stock’s 50 day moving average price is $0.29 and its two-hundred day moving average price is $0.27. Coppernico Metals has a 52-week low of $0.14 and a 52-week high of $0.50. The stock has a market capitalization of $61.10 million, a P/E ratio of 3.17 and a beta of 2.01. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 0.36.

About Coppernico Metals

Coppernico Metals Inc is a mineral exploration company focused on the discovery and development of copper and gold deposits in the Americas. The company does not currently operate producing mines; its activities center on acquiring, evaluating and advancing prospective mineral properties.

Coppernico’s flagship asset is the Sombrero project in southern Peru. The project is an exploration-stage copper-gold district that hosts prospects with porphyry and skarn-style mineralization. The company’s exploration work is aimed at improving its understanding of the geology and identifying potential deposits through activities such as geological mapping, sampling, geophysical surveys and drilling.

Coppernico is led by Chief Executive Officer Ivan Bebek, a mining entrepreneur and company director with experience in mineral exploration and project development.