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

Evolution Mining Limited (OTCMKTS:CAHPF) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,909,000 shares, a growth of 303.3% from the September 30th total of 473,300 shares. Based on an average trading volume of 14,300 shares, the days-to-cover ratio is currently 133.5 days. Based on an average trading volume of 14,300 shares, the days-to-cover ratio is currently 133.5 days.

Evolution Mining Price Performance

OTCMKTS CAHPF opened at $7.19 on Friday. The business’s 50 day moving average price is $6.62 and its 200-day moving average price is $5.71. Evolution Mining has a fifty-two week low of $2.85 and a fifty-two week high of $7.80.

Evolution Mining Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 3rd. Shareholders of record on Thursday, September 4th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, September 3rd. This represents a yield of 240.0%. Evolution Mining’s payout ratio is 29.28%.

About Evolution Mining

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.