Mako Mining Corp. (NASDAQ:MAKO – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 86,955 shares, a growth of 134.2% from the May 31st total of 37,134 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 205,109 shares, the days-to-cover ratio is presently 0.4 days.
Mako Mining Stock Up 2.9%
Shares of NASDAQ:MAKO traded up $0.21 during trading on Wednesday, reaching $7.52. The stock had a trading volume of 15,062 shares, compared to its average volume of 133,841. Mako Mining has a 52 week low of $3.62 and a 52 week high of $8.99. The firm has a market cap of $658.64 million and a price-to-earnings ratio of 28.92.
Wall Street Analyst Weigh In
Several brokerages have recently commented on MAKO. Weiss Ratings initiated coverage on shares of Mako Mining in a research note on Thursday, June 18th. They set a “buy (b-)” rating on the stock. Zacks Research raised shares of Mako Mining to a “hold” rating in a research report on Wednesday, June 17th. Finally, Wall Street Zen upgraded Mako Mining to a “strong-buy” rating in a report on Friday, April 17th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Mako Mining has a consensus rating of “Moderate Buy”.
Mako Mining Corp. is a gold mining company focused on the acquisition, exploration, and development of precious metals assets. The company’s work centers on advancing mining projects and operating producing assets, with an emphasis on generating gold from its portfolio of properties.
The company is based in Canada and has operated in Central America, including Nicaragua, where it has developed and worked on mining assets. Mako Mining’s business activities typically include mine development, mineral exploration, and the processing and sale of gold production from its operations.
Mako Mining was formed through the combination of mining assets and management expertise from earlier-stage precious metals ventures.
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