Short Interest in Evolution Mining Limited (OTCMKTS:CAHPF) Drops By 56.3%

Evolution Mining Limited (OTCMKTS:CAHPF) was the target of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,111,500 shares, a decline of 56.3% from the January 15th total of 2,545,600 shares. Based on an average daily trading volume, of 10,100 shares, the days-to-cover ratio is currently 110.0 days.

Evolution Mining Price Performance

Shares of OTCMKTS CAHPF traded up $0.02 during trading hours on Friday, hitting $3.95. 2,500 shares of the stock were exchanged, compared to its average volume of 7,357. Evolution Mining has a one year low of $1.86 and a one year high of $3.95. The company’s 50 day moving average is $3.24 and its 200 day moving average is $3.07.

About Evolution Mining

Evolution Mining Limited engages in the exploration, mine development and operation, and sale of gold and gold-copper concentrates in Australia and Canada. The company also explores for copper and silver deposits. It owns and operates mines, including Cowal in New South Wales; Ernest Henry and Mt Rawdon in Queensland; Mungari in Western Australia; and Red Lake in Ontario, Canada.