Capricorn Metals Ltd (OTCMKTS:CRNLF) Sees Significant Decrease in Short Interest

Capricorn Metals Ltd (OTCMKTS:CRNLF) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 8,337 shares, a decrease of 74.4% from the September 30th total of 32,602 shares. Based on an average daily volume of 544 shares, the short-interest ratio is currently 15.3 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Capricorn Metals from a “neutral” rating to a “buy” rating and set a $18.40 target price for the company in a research report on Monday, September 14th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Capricorn Metals Stock Down 0.8%

Shares of CRNLF stock traded down C$0.07 during trading hours on Friday, reaching C$9.50. 525 shares of the company’s stock were exchanged, compared to its average volume of 863. The business has a fifty day moving average price of C$11.06 and a 200-day moving average price of C$9.79. Capricorn Metals has a fifty-two week low of C$6.57 and a fifty-two week high of C$13.75.

About Capricorn Metals

Capricorn Metals Limited is an Australian gold exploration, development and production company. Its principal asset is the Karlawinda Gold Project in the Pilbara region of Western Australia, where the company operates the Karlawinda gold mine and produces gold doré.

The Karlawinda project includes the Bibra open-pit mine, processing facilities and associated infrastructure. Capricorn Metals has advanced the project from exploration and development into commercial gold production, with its activities focused on mine operations, mineral processing, exploration and resource growth.

The company’s operations and exploration portfolio are concentrated in Western Australia, a major Australian mining jurisdiction.