Short Interest in Evolution Mining Limited (OTCMKTS:CAHPF) Decreases By 64.5%

Evolution Mining Limited (OTCMKTS:CAHPF) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 380,000 shares, a decline of 64.5% from the February 28th total of 1,069,100 shares. Based on an average daily volume of 9,000 shares, the days-to-cover ratio is presently 42.2 days.

Evolution Mining Stock Up 1.5 %

OTCMKTS CAHPF opened at $4.49 on Thursday. The company has a 50-day moving average price of $3.82 and a 200-day moving average price of $3.36. Evolution Mining has a 52 week low of $2.20 and a 52 week high of $4.50.

Evolution Mining Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 4th. Shareholders of record on Wednesday, March 5th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a yield of 1.21%. Evolution Mining’s payout ratio is presently 29.28%.

Evolution Mining Company Profile

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.