Evolution Mining Limited (OTCMKTS:CAHPF) Sees Large Drop in Short Interest

Evolution Mining Limited (OTCMKTS:CAHPF) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 2,603,700 shares, a decline of 27.4% from the December 15th total of 3,585,100 shares. Based on an average trading volume of 5,200 shares, the short-interest ratio is presently 500.7 days.

Evolution Mining Price Performance

Shares of CAHPF stock traded up $0.20 during mid-day trading on Friday, reaching $3.25. The stock had a trading volume of 8,520 shares, compared to its average volume of 5,804. Evolution Mining has a one year low of $1.86 and a one year high of $3.54. The firm’s 50 day simple moving average is $3.09 and its 200 day simple moving average is $2.92.

Evolution Mining Company Profile

Evolution Mining Limited engages in the exploration, mine development and operation, and sale of gold and gold-copper concentrates in Australia and Canada. The company also explores for copper and silver deposits. It owns and operates mines, including Cowal in New South Wales; Ernest Henry and Mt Rawdon in Queensland; Mungari in Western Australia; and Red Lake in Ontario, Canada.