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

Coppernico Metals Inc (OTCMKTS:CPPMF) was the target of a significant drop in short interest in 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 daily trading volume, of 162,000 shares, the days-to-cover ratio is currently 0.4 days.

Coppernico Metals Stock Up 13.3 %

Shares of CPPMF traded up $0.04 during mid-day trading on Tuesday, hitting $0.18. 98,532 shares of the company’s stock were exchanged, compared to its average volume of 45,137. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.22 and a quick ratio of 0.87. Coppernico Metals has a 52 week low of $0.00 and a 52 week high of $0.41. The company has a market cap of $37.73 million, a PE ratio of 1.96 and a beta of 2.01. The company has a 50-day simple moving average of $0.22 and a 200 day simple moving average of $0.24.

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.