Capricorn Metals (OTCMKTS:CRNLF) Shares Down 8.8% – Here’s Why

Capricorn Metals Ltd (OTCMKTS:CRNLF)’s share price fell 8.8% during trading on Tuesday . The company traded as low as C$7.21 and last traded at C$7.21. 300 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 828 shares. The stock had previously closed at C$7.91.

Capricorn Metals Stock Performance

The firm has a fifty day moving average price of C$9.39 and a 200 day moving average price of C$9.01.

About Capricorn Metals

Capricorn Metals (OTCMKTS:CRNLF) is an Australian gold exploration and production company focused on the development of its flagship Karlawinda gold project in the Pilbara region of Western Australia. The company holds a 100% interest in the Karlawinda tenements, which cover prospective ground surrounding the main deposit. Karlawinda achieved first gold pour in March 2020 and produces gold dore bars for sale to regional refineries, marking Capricorn’s transition from explorer to producer.

Beyond Karlawinda, Capricorn Metals maintains a portfolio of exploration tenements across Western Australia.