CMOC Group Limited (OTCMKTS:CMCLF – Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 2,314,014 shares, a decrease of 86.9% from the May 14th total of 17,676,481 shares. Based on an average daily volume of 34,797 shares, the days-to-cover ratio is presently 66.5 days.
CMOC Group Stock Performance
OTCMKTS:CMCLF opened at $2.20 on Wednesday. CMOC Group has a one year low of $0.69 and a one year high of $3.55. The company has a fifty day moving average price of $2.37 and a 200 day moving average price of $2.53.
About CMOC Group
CMOC Group (OTCMKTS: CMCLF) is a China-based mining and metals company with a diversified portfolio of base metals and critical minerals. The company’s core business activities encompass the exploration, development and production of copper, molybdenum, cobalt, niobium, phosphate, tungsten and gold. Through a combination of wholly owned and joint-venture operations, CMOC Group serves industrial, energy and technology markets worldwide.
Among CMOC Group’s principal assets is the Tenke Fungurume mine in the Democratic Republic of the Congo, one of the world’s largest sources of copper and cobalt.
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