Emergent Metals Corp. (OTCMKTS:EGMCF – Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 91,791 shares, a drop of 47.8% from the August 15th total of 175,898 shares. Based on an average trading volume of 185,559 shares, the short-interest ratio is currently 0.5 days.
Emergent Metals Price Performance
Shares of OTCMKTS:EGMCF opened at $0.07 on Thursday. The business’s 50 day simple moving average is $0.06 and its 200-day simple moving average is $0.06. Emergent Metals has a 12 month low of $0.02 and a 12 month high of $0.14.
About Emergent Metals
Emergent Metals (OTCMKTS:EGMCF) is a Vancouver-based precious metals streaming and royalty company that provides upfront financing to mineral producers in exchange for future deliveries of metals such as gold, silver and platinum group elements. By acquiring streams and royalties rather than operating its own mines, the company seeks to generate long-term, low-cost exposure to a diversified portfolio of producing and development-stage metal projects.
The company’s business model centers on negotiating agreements with established mining operators to secure a percentage of metal production at predetermined prices.
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