Emergent Metals Corp. (OTCMKTS:EGMCF – Get Free Report) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 59,040 shares, an increase of ? from the June 30th total of 0 shares. Based on an average trading volume of 297,664 shares, the short-interest ratio is currently 0.2 days.
Emergent Metals Stock Performance
EGMCF stock remained flat at $0.06 during midday trading on Wednesday. Emergent Metals has a one year low of $0.01 and a one year high of $0.14. The company has a fifty day simple moving average of $0.05 and a 200 day simple moving average of $0.07.
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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