Evolution Mining Limited (OTCMKTS:CAHPF) Short Interest Up 345.0% in June

Evolution Mining Limited (OTCMKTS:CAHPF) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,909,174 shares, an increase of 345.0% from the June 15th total of 653,774 shares. Based on an average daily trading volume, of 6,332 shares, the short-interest ratio is presently 459.4 days.

Evolution Mining Trading Down 2.1%

Shares of Evolution Mining stock opened at $7.66 on Tuesday. Evolution Mining has a 52-week low of $4.36 and a 52-week high of $12.70. The stock has a 50-day simple moving average of $8.64 and a 200-day simple moving average of $9.31.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Evolution Mining from a “neutral” rating to a “neutral” rating and set a $12.70 price target on the stock in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $12.70.

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.