Chakana Copper Corp. (OTCMKTS:CHKKF – Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 34,179 shares, an increase of 61.6% from the September 30th total of 21,153 shares. Based on an average trading volume of 13,701 shares, the days-to-cover ratio is currently 2.5 days.
Chakana Copper Stock Performance
Shares of OTCMKTS:CHKKF remained flat at $0.05 on Monday. The stock’s 50-day simple moving average is $0.06 and its 200-day simple moving average is $0.09. Chakana Copper has a 1-year low of $0.03 and a 1-year high of $0.18.
About Chakana Copper
Chakana Copper Corp. is a mineral exploration company focused on the discovery and advancement of copper, gold and silver deposits in Peru. Its principal asset is the Soledad project, an exploration property in the Ancash region of central Peru known for high-grade mineralization.
The Soledad project comprises multiple breccia pipe targets and is being evaluated through exploration activities such as geological mapping, geochemical sampling and drilling. Chakana’s work is intended to define the size, continuity and potential economic significance of the project’s copper-gold-silver mineralization.
The company is headquartered in Canada and has focused its exploration efforts in Peru since acquiring and advancing the Soledad project.
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