Lomiko Metals Inc. (OTCMKTS:LMRMF) Sees Large Drop in Short Interest

Lomiko Metals Inc. (OTCMKTS:LMRMF) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 3,000 shares, a decline of 62.0% from the December 15th total of 7,898 shares. Based on an average daily volume of 45,449 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 45,449 shares, the days-to-cover ratio is presently 0.1 days.

Lomiko Metals Stock Up 7.3%

Shares of LMRMF traded up $0.01 during midday trading on Thursday, reaching $0.12. 12,165 shares of the stock were exchanged, compared to its average volume of 24,721. Lomiko Metals has a 12-month low of $0.07 and a 12-month high of $0.19. The firm has a 50 day simple moving average of $0.08 and a 200-day simple moving average of $0.08. The company has a market cap of $8.50 million, a price-to-earnings ratio of -1.95 and a beta of 1.10.

Lomiko Metals (OTCMKTS:LMRMF) last announced its quarterly earnings results on Tuesday, December 30th. The company reported ($0.01) EPS for the quarter.

About Lomiko Metals

Lomiko Metals Inc is a Canada‐based junior mineral exploration company focused on the discovery and development of battery‐critical materials. Trading on the OTC Markets under the symbol LMRMF, the company targets commodities that support the growing global demand for clean energy and electrification. Lomiko’s strategy centers on advancing early‐stage projects through systematic exploration, technical studies and partnerships with academic and industrial collaborators.

At the core of Lomiko’s portfolio is the Quatre Milles Graphite Project, located in the Abitibi region of Québec.