Jervois Global Limited (OTCMKTS:JRVMF – Get Rating) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 753,900 shares, a drop of 12.5% from the August 15th total of 862,000 shares. Based on an average daily trading volume, of 224,000 shares, the days-to-cover ratio is currently 3.4 days.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group upgraded shares of Jervois Global to a “buy” rating and upped their price target for the company from 1.00 to 1.10 in a research note on Tuesday, May 31st.
Jervois Global Stock Down 5.0 %
Shares of JRVMF opened at $0.35 on Tuesday. The firm’s 50 day moving average is $0.34 and its 200-day moving average is $0.48. Jervois Global has a 12 month low of $0.25 and a 12 month high of $0.77.
Jervois Global Company Profile
Jervois Global Limited explores for and evaluates mineral properties in the United States, Brazil, Finland, Australia, and internationally. The company explores for cobalt, nickel, copper, and gold deposits. It holds 100% interest in the Idaho Cobalt Operations project located in the state of Idaho; the São Miguel Paulista nickel cobalt refinery in São Paulo, Brazil; and the Nico Young nickel-cobalt deposits in New South Wales.
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