Short Interest in Emergent Metals Corp. (OTCMKTS:EGMCF) Expands By 204.4%

Emergent Metals Corp. (OTCMKTS:EGMCF) was the recipient of a large increase in short interest in the month of 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 Stock Performance

EGMCF traded down $0.01 on Friday, hitting $0.05. The company had a trading volume of 400 shares, compared to its average volume of 172,210. The stock has a fifty day simple moving average of $0.05 and a 200-day simple moving average of $0.07. Emergent Metals has a 52-week low of $0.01 and a 52-week 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.