Coppernico Metals Inc (OTCMKTS:CPPMF) Short Interest Up 356.3% in May

Coppernico Metals Inc (OTCMKTS:CPPMF) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 238,922 shares, a growth of 356.3% from the May 14th total of 52,364 shares. Based on an average daily volume of 560,110 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Coppernico Metals Price Performance

Shares of CPPMF stock traded down $0.03 during trading hours on Thursday, reaching $0.23. 339,956 shares of the company were exchanged, compared to its average volume of 179,919. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.22 and a quick ratio of 0.87. Coppernico Metals has a fifty-two week low of $0.11 and a fifty-two week high of $0.50. The company has a market cap of $49.31 million, a price-to-earnings ratio of 2.56 and a beta of 2.01. The stock’s fifty day moving average is $0.29 and its two-hundred day moving average is $0.28.

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. Copper Mountain Mining Corporation was incorporated in 2006 and is headquartered in Vancouver, Canada.