Euro Manganese Inc. (OTCMKTS:EUMNF – Get Rating) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 1,700 shares, a drop of 79.8% from the December 31st total of 8,400 shares. Based on an average trading volume of 26,100 shares, the days-to-cover ratio is presently 0.1 days.

Euro Manganese Price Performance

EUMNF stock traded up $0.01 during mid-day trading on Thursday, hitting $0.24. The stock had a trading volume of 10,080 shares, compared to its average volume of 15,429. Euro Manganese has a 52 week low of $0.15 and a 52 week high of $0.36. The firm has a fifty day simple moving average of $0.24 and a 200 day simple moving average of $0.22.

Analysts Set New Price Targets

Separately, BMO Capital Markets initiated coverage on shares of Euro Manganese in a report on Monday, October 24th. They issued a "market perform" rating on the stock.

About Euro Manganese

Euro Manganese Inc engages in the evaluation, exploration, and development of mineral assets. Its principal property is the 100% owned Chvaletice manganese project, which is involved in the re-processing of a manganese deposit hosted in historic mine tailings located to the east of Prague, the Czech Republic.

Further Reading

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