Lomiko Metals Inc. (OTCMKTS:LMRMF) Sees Significant Increase in Short Interest

Lomiko Metals Inc. (OTCMKTS:LMRMF) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 81,400 shares, an increase of 192.8% from the December 15th total of 27,800 shares. Based on an average daily volume of 335,800 shares, the short-interest ratio is presently 0.2 days.

Shares of LMRMF stock traded down $0.00 during trading hours on Friday, hitting $0.07. 71,800 shares of the company’s stock were exchanged, compared to its average volume of 97,789. The firm has a 50 day moving average of $0.08 and a two-hundred day moving average of $0.09. The firm has a market cap of $17.14 million, a P/E ratio of -8.30 and a beta of 2.88. Lomiko Metals has a fifty-two week low of $0.06 and a fifty-two week high of $0.22.

Lomiko Metals (OTCMKTS:LMRMF) last posted its earnings results on Monday, November 29th. The company reported ($0.01) EPS for the quarter.

About Lomiko Metals

Lomiko Metals Inc engages in the acquisition, exploration, and development of resource properties in Canada. It explores for graphite deposits. The company holds a 100% interest in La Loutre graphite property located in southern Quebec. It also engages in the manufacture and sale of power supply products.

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