Coppernico Metals Inc (OTCMKTS:CPPMF) Short Interest Update

Coppernico Metals Inc (OTCMKTS:CPPMF) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 179,071 shares, a decline of 32.8% from the August 15th total of 266,586 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 426,567 shares, the days-to-cover ratio is presently 0.4 days.

Coppernico Metals Stock Up 2.5%

Shares of Coppernico Metals stock opened at $0.30 on Thursday. The company has a 50-day simple moving average of $0.27 and a two-hundred day simple moving average of $0.27. The stock has a market capitalization of $64.94 million, a PE ratio of 3.37 and a beta of 2.01. Coppernico Metals has a 52-week low of $0.12 and a 52-week high of $0.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.87 and a current ratio of 1.22.

About Coppernico Metals

Coppernico Metals Inc is a mineral exploration company focused on the discovery and advancement of copper-gold deposits in the Americas. The company’s activities include geological mapping, geophysical surveys, drilling, resource evaluation and other exploration work intended to identify and define mineralized zones.

Coppernico’s principal asset is the Sombrero Project in southern Peru, a large-scale copper-gold exploration property in the Andahuaylas-Yauri belt. The project includes multiple exploration targets and is being evaluated for porphyry and skarn-style mineralization.