Coppernico Metals Inc (OTCMKTS:CPPMF) Shares Shorted: Short Interest Up 101.0% in September

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

Coppernico Metals Trading Down 5.5%

Shares of CPPMF stock traded down $0.02 on Monday, reaching $0.27. 382,977 shares of the stock were exchanged, compared to its average volume of 200,233. The stock has a market cap of $57.41 million, a PE ratio of 2.98 and a beta of 2.01. Coppernico Metals has a one year low of $0.12 and a one year high of $0.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.22 and a quick ratio of 0.87. The stock has a 50 day moving average price of $0.28 and a 200 day moving average price of $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.