Capricorn Metals Ltd (OTCMKTS:CRNLF – Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 19,630 shares, a drop of 75.1% from the June 30th total of 78,862 shares. Based on an average daily trading volume, of 342 shares, the short-interest ratio is currently 57.4 days.
Capricorn Metals Stock Up 0.9%
Shares of CRNLF traded up C$0.07 during midday trading on Friday, reaching C$8.50. The stock had a trading volume of 900 shares, compared to its average volume of 1,053. The firm’s 50 day moving average price is C$9.16 and its 200-day moving average price is C$9.22. Capricorn Metals has a 52 week low of C$5.88 and a 52 week high of C$12.06.
Analyst Ratings Changes
A number of analysts have commented on CRNLF shares. UBS Group started coverage on shares of Capricorn Metals in a research report on Friday, June 26th. They set a “buy” rating and a $17.00 price target on the stock. The Goldman Sachs Group lowered shares of Capricorn Metals from a “buy” rating to a “neutral” rating and set a $16.90 price objective on the stock. in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Capricorn Metals has a consensus rating of “Moderate Buy”.
Capricorn Metals Company Profile
Capricorn Metals (OTCMKTS:CRNLF) is an Australian gold exploration and production company focused on the development of its flagship Karlawinda gold project in the Pilbara region of Western Australia. The company holds a 100% interest in the Karlawinda tenements, which cover prospective ground surrounding the main deposit. Karlawinda achieved first gold pour in March 2020 and produces gold dore bars for sale to regional refineries, marking Capricorn’s transition from explorer to producer.
Beyond Karlawinda, Capricorn Metals maintains a portfolio of exploration tenements across Western Australia.
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