Lomiko Metals Inc. (OTCMKTS:LMRMF) Short Interest Down 80.1% in August

Lomiko Metals Inc. (OTCMKTS:LMRMF) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 16,400 shares, a decline of 80.1% from the August 15th total of 82,300 shares. Based on an average daily trading volume, of 503,500 shares, the days-to-cover ratio is presently 0.0 days.

LMRMF remained flat at $$0.09 during trading on Wednesday. The company’s stock had a trading volume of 141,869 shares, compared to its average volume of 452,473. The stock has a market capitalization of $20.30 million, a price-to-earnings ratio of -8.52 and a beta of 2.88. The business’s fifty day simple moving average is $0.10 and its two-hundred day simple moving average is $0.11. Lomiko Metals has a 12-month low of $0.03 and a 12-month high of $0.22.

Lomiko Metals Company Profile

Lomiko Metals Inc engages in the acquisition, exploration, and development of resource properties in Canada. It explores for graphite deposits. The company holds a 100% interest in La Loutre graphite property located in southern Quebec. It also engages in the manufacture and sale of power supply products.

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