Capricorn Metals Ltd (OTCMKTS:CRNLF – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 32,602 shares, a drop of 57.9% from the September 15th total of 77,406 shares. Based on an average trading volume of 794 shares, the short-interest ratio is presently 41.1 days.
Capricorn Metals Stock Down 5.1%
OTCMKTS CRNLF traded down C$0.51 during mid-day trading on Thursday, reaching C$9.45. 200 shares of the stock were exchanged, compared to its average volume of 881. Capricorn Metals has a 1-year low of C$6.57 and a 1-year high of C$13.75. The business’s fifty day simple moving average is C$11.50 and its 200 day simple moving average is C$9.90.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of Capricorn Metals from a “neutral” rating to a “buy” rating and set a $18.40 price objective on the stock in a research report on Monday, September 14th. UBS Group assumed coverage on shares of Capricorn Metals in a research report on Friday, June 26th. They set a “buy” rating and a $17.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.
Capricorn Metals Company Profile
Capricorn Metals Ltd. is an Australian gold mining and exploration company focused on developing and operating gold assets in Western Australia. The company’s principal operation is the Karlawinda Gold Project, located in the Pilbara region near Newman.
Karlawinda includes open-pit mining and an on-site processing facility that produces gold doré. Capricorn Metals is also advancing the Mt Gibson Gold Project in the Murchison region of Western Australia, while conducting exploration to identify additional mineral resources and extend the life of its operations.
The company’s activities span mineral exploration, project development, mining, ore processing and gold production.
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