Lomiko Metals Inc. (OTCMKTS:LMRMF) Sees Significant Decrease in Short Interest
by Mitch Edgeman · The Markets DailyLomiko Metals Inc. (OTCMKTS:LMRMF – Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 2,554 shares, a drop of 75.5% from the September 15th total of 10,435 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 2,250 shares, the short-interest ratio is currently 1.1 days.
Lomiko Metals Stock Performance
Shares of LMRMF stock opened at $0.09 on Tuesday. Lomiko Metals has a fifty-two week low of $0.03 and a fifty-two week high of $0.19. The firm has a market capitalization of $7.20 million, a PE ratio of -1.29 and a beta of 1.06. The stock’s 50-day simple moving average is $0.09 and its 200-day simple moving average is $0.07.
About Lomiko Metals
Lomiko Metals Inc (OTCMKTS:LMRMF) is a Canadian mineral exploration and development company focused on advancing graphite projects. Graphite is an important industrial and battery-material used in energy-storage systems, electric vehicles, steelmaking, refractories, lubricants, and other applications.
The company’s principal asset is the La Loutre Graphite Property in Quebec, Canada. Located in the Laurentides region northwest of Montreal, the property comprises a large land package with multiple mineral claims and is being evaluated for the potential development of a graphite mining and processing operation.