Emergent Metals Corp. (OTCMKTS:EGMCF – Get Free Report) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 179,729 shares, a growth of 204.4% from the July 15th total of 59,040 shares. Based on an average daily volume of 181,335 shares, the short-interest ratio is currently 1.0 days.
Emergent Metals Stock Performance
OTCMKTS EGMCF opened at $0.06 on Friday. The firm’s fifty day moving average is $0.05 and its two-hundred day moving average is $0.07. Emergent Metals has a one year low of $0.01 and a one year 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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