Emergent Metals Corp. (OTCMKTS:EGMCF) Sees Significant Increase in Short Interest

Emergent Metals Corp. (OTCMKTS:EGMCF) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 179,729 shares, an increase of 204.4% from the July 15th total of 59,040 shares. Based on an average daily volume of 181,335 shares, the short-interest ratio is presently 1.0 days.

Emergent Metals Trading Up 12.2%

Shares of OTCMKTS:EGMCF traded up $0.01 on Thursday, hitting $0.05. 76,110 shares of the company’s stock were exchanged, compared to its average volume of 173,552. The firm’s 50-day moving average is $0.05 and its 200 day moving average is $0.07. Emergent Metals has a 1-year low of $0.01 and a 1-year high of $0.14.

Emergent Metals Company Profile

Emergent Metals (OTCMKTS:EGMCF) is a Vancouver-based precious metals streaming and royalty company that provides upfront financing to mineral producers in exchange for future deliveries of metals such as gold, silver and platinum group elements. By acquiring streams and royalties rather than operating its own mines, the company seeks to generate long-term, low-cost exposure to a diversified portfolio of producing and development-stage metal projects.

The company’s business model centers on negotiating agreements with established mining operators to secure a percentage of metal production at predetermined prices.