Coppernico Metals Inc (OTCMKTS:CPPMF) Short Interest Up 356.3% in May

Coppernico Metals Inc (OTCMKTS:CPPMF) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 238,922 shares, an increase of 356.3% from the May 14th total of 52,364 shares. Based on an average trading volume of 560,110 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Coppernico Metals Stock Down 12.9%

Coppernico Metals stock traded down $0.03 during midday trading on Thursday, reaching $0.23. The stock had a trading volume of 339,956 shares, compared to its average volume of 179,919. The firm’s fifty day simple moving average is $0.29 and its 200-day simple moving average is $0.28. Coppernico Metals has a 1-year low of $0.11 and a 1-year high of $0.50. The stock has a market capitalization of $49.31 million, a P/E ratio of 2.56 and a beta of 2.01. 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

Copper Mountain Mining Corporation engages in the mining, exploration, and development of mineral properties in Canada. It explores for copper, gold, and silver deposits. The company holds 75% interests in the Copper Mountain mine comprising 135 crown-granted mineral claims, 145 located mineral claims, 14 mining leases, 12 fee simple properties, and seven cell claims that covers an area of approximately 6,354 hectares located to the south of Princeton, British Columbia. Copper Mountain Mining Corporation was incorporated in 2006 and is headquartered in Vancouver, Canada.