Elemental Altus Royalties Corp. (OTCMKTS:ELEMF) Sees Large Drop in Short Interest

Elemental Altus Royalties Corp. (OTCMKTS:ELEMF) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 2,400 shares, a drop of 94.6% from the September 30th total of 44,100 shares. Based on an average trading volume of 57,400 shares, the days-to-cover ratio is presently 0.0 days.

Elemental Altus Royalties Price Performance

Shares of ELEMF stock traded up $0.02 on Friday, hitting $0.91. 32,415 shares of the company’s stock were exchanged, compared to its average volume of 28,462. Elemental Altus Royalties has a 12 month low of $0.64 and a 12 month high of $0.95. The company has a 50 day moving average of $0.83 and a 200 day moving average of $0.83.

Elemental Altus Royalties Company Profile

Elemental Altus Royalties Corp., a precious metals royalty company, engages in the acquisition of royalties, streams, and other rights over mining projects. It has a portfolio of 11 royalties and streams in Australia, Chile, Canada, Burkina Faso, Cote d'Ivoire, Mexico, and Kenya. The company is headquartered in Vancouver, Canada.