Short Interest in Coppernico Metals Inc (OTCMKTS:CPPMF) Decreases By 51.1%

Coppernico Metals Inc (OTCMKTS:CPPMF) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 127,600 shares, a decline of 51.1% from the September 30th total of 260,700 shares. Based on an average daily volume of 63,700 shares, the short-interest ratio is presently 2.0 days.

Coppernico Metals Price Performance

OTCMKTS:CPPMF traded down $0.02 during trading hours on Friday, reaching $0.31. 47,663 shares of the company were exchanged, compared to its average volume of 36,129. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.36. The stock’s 50-day moving average is $0.29 and its 200-day moving average is $0.24. The firm has a market cap of $66.46 million, a PE ratio of 3.44 and a beta of 2.01. Coppernico Metals has a twelve month low of $0.00 and a twelve month high of $0.41.

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.