Capricorn Metals Ltd (OTCMKTS:CRNLF) Short Interest Update

Capricorn Metals Ltd (OTCMKTS:CRNLF – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 122,235 shares, an increase of 922.5% from the August 15th total of 11,954 shares. Based on an average daily volume of 881 shares, the short-interest ratio is currently 138.7 days.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. UBS Group assumed coverage on Capricorn Metals in a report on Friday, June 26th. They issued a “buy” rating and a $17.00 price objective on the stock. The Goldman Sachs Group downgraded Capricorn Metals from a “buy” rating to a “neutral” rating and set a $16.90 target price on the stock. in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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Capricorn Metals Price Performance

Capricorn Metals stock opened at C$11.27 on Friday. The company has a fifty day simple moving average of C$10.59 and a 200-day simple moving average of C$9.56. Capricorn Metals has a 52-week low of C$6.57 and a 52-week high of C$13.75.

About Capricorn Metals

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Capricorn Metals (OTCMKTS:CRNLF) is an Australian gold exploration and production company focused on the development of its flagship Karlawinda gold project in the Pilbara region of Western Australia. The company holds a 100% interest in the Karlawinda tenements, which cover prospective ground surrounding the main deposit. Karlawinda achieved first gold pour in March 2020 and produces gold dore bars for sale to regional refineries, marking Capricorn’s transition from explorer to producer.

Beyond Karlawinda, Capricorn Metals maintains a portfolio of exploration tenements across Western Australia.

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