Evolution Mining Limited (OTCMKTS:CAHPF) Sees Significant Drop in Short Interest

Evolution Mining Limited (OTCMKTS:CAHPF) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 380,000 shares, a decrease of 64.5% from the February 28th total of 1,069,100 shares. Based on an average trading volume of 9,000 shares, the days-to-cover ratio is currently 42.2 days.

Evolution Mining Price Performance

Shares of CAHPF traded up $0.04 during mid-day trading on Friday, hitting $4.50. 10,758 shares of the company’s stock were exchanged, compared to its average volume of 6,241. Evolution Mining has a 52 week low of $2.20 and a 52 week high of $4.60. The company has a 50-day simple moving average of $3.87 and a 200 day simple moving average of $3.38.

Evolution Mining Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 4th. Investors of record on Wednesday, March 5th will be given a $0.07 dividend. This represents a yield of 1.21%. The ex-dividend date is Tuesday, March 4th. Evolution Mining’s dividend payout ratio (DPR) is currently 29.28%.

Evolution Mining Company Profile

Evolution Mining Limited engages in the exploration, mine development and operation, and sale of gold and gold-copper concentrates in Australia and Canada. The company also explores for copper and silver deposits. It owns and operates mines, including Cowal in New South Wales; Ernest Henry and Mt Rawdon in Queensland; Mungari in Western Australia; and Red Lake in Ontario, Canada.