Coppernico Metals Inc (OTCMKTS:CPPMF) Sees Large Drop in Short Interest

Coppernico Metals Inc (OTCMKTS:CPPMF) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 67,200 shares, a drop of 17.0% from the November 30th total of 81,000 shares. Based on an average trading volume of 162,000 shares, the short-interest ratio is presently 0.4 days.

Coppernico Metals Stock Performance

Shares of OTCMKTS:CPPMF traded up $0.04 on Tuesday, reaching $0.18. 98,532 shares of the company’s stock were exchanged, compared to its average volume of 45,137. Coppernico Metals has a twelve month low of $0.00 and a twelve month high of $0.41. The company has a fifty day moving average of $0.22 and a 200-day moving average of $0.24. The company has a market capitalization of $37.73 million, a price-to-earnings ratio of 1.96 and a beta of 2.01. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.36.

Coppernico Metals Company Profile

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.