Capricorn Metals (OTCMKTS:CRNLF) Shares Up 0.4% – Time to Buy?

Capricorn Metals Ltd (OTCMKTS:CRNLF) shares shot up 0.4% during trading on Friday . The company traded as high as C$8.50 and last traded at C$8.50. 150 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 755 shares. The stock had previously closed at C$8.47.

Capricorn Metals Price Performance

The business’s 50-day moving average price is C$8.76 and its 200 day moving average price is C$9.05.

Capricorn Metals Company Profile

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.