Trevali Mining Co. (OTCMKTS:TREVF) Short Interest Up 492.2% in April

Trevali Mining Co. (OTCMKTS:TREVF – Get Rating) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 257,000 shares, a growth of 492.2% from the April 15th total of 43,400 shares. Based on an average trading volume of 46,500 shares, the days-to-cover ratio is presently 5.5 days.

A number of research firms recently issued reports on TREVF. National Bank Financial dropped their price target on shares of Trevali Mining from C$2.20 to C$1.90 in a research note on Tuesday, April 19th. Raymond James dropped their price target on shares of Trevali Mining from C$2.50 to C$2.25 in a research note on Tuesday, March 1st. Scotiabank dropped their price target on shares of Trevali Mining from C$1.50 to C$1.00 in a research note on Tuesday, April 19th. Canaccord Genuity Group cut shares of Trevali Mining from a “hold” rating to a “sell” rating in a research note on Tuesday, January 25th. Finally, TD Securities decreased their price objective on Trevali Mining from C$2.25 to C$1.75 in a report on Monday, February 28th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, Trevali Mining has a consensus rating of “Hold” and an average price target of $1.98.

TREVF stock traded up $0.00 during midday trading on Wednesday, reaching $0.58. The stock had a trading volume of 21,638 shares, compared to its average volume of 16,170. The company’s fifty day simple moving average is $1.06 and its 200 day simple moving average is $1.21. The company has a market cap of $57.13 million, a price-to-earnings ratio of 1.92 and a beta of 2.93. Trevali Mining has a 52-week low of $0.56 and a 52-week high of $2.29.

Trevali Mining (OTCMKTS:TREVF – Get Rating) last posted its quarterly earnings results on Friday, February 25th. The company reported $0.01 EPS for the quarter. Trevali Mining had a return on equity of 5.36% and a net margin of 7.58%. The business had revenue of $90.78 million for the quarter.

About Trevali Mining (Get Rating)

Trevali Mining Corporation, a base-metals mining company, engages in the acquisition, exploration, development of, and production from mineral properties. It primarily explores for zinc, lead, silver, copper, and gold deposits. The company's operational assets include the 90%-owned Perkoa Mine in Burkina Faso; 90%-owned Rosh Pinah Mine in Namibia; and Caribou Mine in northern New Brunswick, Canada.

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