Capricorn Metals Ltd (OTCMKTS:CRNLF – Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 289,700 shares, a drop of 43.9% from the February 28th total of 516,300 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.
Capricorn Metals Stock Performance
Shares of Capricorn Metals stock remained flat at C$5.25 on Friday. The company has a 50 day simple moving average of C$4.96 and a 200-day simple moving average of C$4.49. Capricorn Metals has a 1 year low of C$3.08 and a 1 year high of C$5.52.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group set a $8.70 target price on shares of Capricorn Metals in a research report on Tuesday, March 18th.
About Capricorn Metals
Capricorn Metals Ltd engages in the evaluation, exploration, development, and production of gold properties in Australia. It holds a 100% interest in the Karlawinda gold project located in the Pilbara region of Western Australia; and the Mt Gibson Gold Project located in the Murchison region of Western Australia.
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