Emergent Metals Corp. (OTCMKTS:EGMCF) Sees Large Increase in Short Interest

Emergent Metals Corp. (OTCMKTS:EGMCF) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 32,600 shares, an increase of 20.7% from the October 31st total of 27,000 shares. Based on an average trading volume of 877,500 shares, the days-to-cover ratio is currently 0.0 days.

Emergent Metals Price Performance

Shares of EGMCF remained flat at $0.08 during mid-day trading on Friday. 274,800 shares of the company traded hands, compared to its average volume of 126,139. Emergent Metals has a 52-week low of $0.02 and a 52-week high of $0.09. The firm’s fifty day simple moving average is $0.07 and its 200 day simple moving average is $0.05.

About Emergent Metals

Emergent Metals Corp. engages in the acquisition and exploration of mineral properties in Canada and the United States. The company explores for gold, silver, molybdenum, copper, and other mineral deposits. The company holds interest in the Golden Arrow, the New York Canyon, the Mindora, Buckskin Rawhide East, Buckskin Rawhide West, and Koegel Rawhide properties located in Nevada, the United States.