Calibre Mining Corp. (OTCMKTS:CXBMF) Short Interest Up 36.9% in May

Calibre Mining Corp. (OTCMKTS:CXBMFGet Rating) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 879,600 shares, an increase of 36.9% from the April 30th total of 642,400 shares. Based on an average trading volume of 736,100 shares, the days-to-cover ratio is presently 1.2 days.

CXBMF has been the subject of several analyst reports. Raymond James boosted their price target on shares of Calibre Mining from C$2.00 to C$2.25 in a report on Wednesday, April 20th. Scotiabank boosted their price target on shares of Calibre Mining from C$2.50 to C$2.75 in a report on Tuesday, April 19th.

CXBMF stock traded down $0.01 during trading on Monday, hitting $0.97. The company had a trading volume of 50,300 shares, compared to its average volume of 221,456. The business has a 50 day moving average of $1.10 and a 200 day moving average of $1.07. Calibre Mining has a fifty-two week low of $0.78 and a fifty-two week high of $1.95.

About Calibre Mining (Get Rating)

Calibre Mining Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. It primarily explores for gold, silver, and copper deposits. The company holds 100% interests in the El Limon and La Libertad gold mines, the Pavon gold project, and other mineral concessions in Nicaragua, Central America; and the Borosi Gold-Silver-Copper project located in the North Atlantic Autonomous Region of Nicaragua, Central America.

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