Capricorn Metals Ltd (OTCMKTS:CRNLF – Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 40,452 shares, a growth of 106.1% from the July 15th total of 19,630 shares. Based on an average daily volume of 613 shares, the short-interest ratio is currently 66.0 days.
Capricorn Metals Stock Performance
CRNLF opened at C$12.30 on Friday. Capricorn Metals has a twelve month low of C$6.47 and a twelve month high of C$12.30. The firm’s 50-day moving average price is C$9.33 and its 200 day moving average price is C$9.27.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lowered shares of Capricorn Metals from a “buy” rating to a “neutral” rating and set a $16.90 price target on the stock. in a research note on Wednesday, June 3rd. UBS Group began coverage on Capricorn Metals in a research report on Friday, June 26th. They issued a “buy” rating and a $17.00 target price on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Capricorn Metals has a consensus rating of “Moderate Buy”.
Capricorn Metals Company Profile
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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