Evolution Mining Limited (OTCMKTS:CAHPF – Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 259,274 shares, a decrease of 91.1% from the June 30th total of 2,909,174 shares. Based on an average daily volume of 25,234 shares, the days-to-cover ratio is presently 10.3 days.
Evolution Mining Price Performance
Shares of Evolution Mining stock remained flat at $7.96 on Friday. The stock had a trading volume of 100 shares, compared to its average volume of 10,746. The stock’s fifty day moving average is $8.35 and its 200-day moving average is $9.26. Evolution Mining has a fifty-two week low of $4.36 and a fifty-two week high of $12.70.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on CAHPF. Canaccord Genuity Group set a $12.25 target price on shares of Evolution Mining in a research note on Wednesday, July 15th. The Goldman Sachs Group raised shares of Evolution Mining from a “neutral” rating to a “neutral” rating and set a $12.70 price target on the stock in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Evolution Mining currently has an average rating of “Reduce” and a consensus target price of $12.47.
About Evolution Mining
Evolution Mining is an Australia-based gold and copper producer with its corporate headquarters in Sydney. Listed on the Australian Securities Exchange and trading in the United States on the OTC market as CAHPF, the company focuses on the discovery, development, extraction and processing of mineral resources. Evolution’s integrated operations encompass all stages of the mining value chain, from exploration and project acquisition to production, processing and marketing of precious metals and copper concentrates.
The company’s asset portfolio spans multiple jurisdictions across Australia and North America.
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