Time to Reconsider BACANORA (OTCMKTS:BCRMF) After More Short Sellers?

December 8, 2017 - By Michael Collier

The stock of BACANORA (OTCMKTS:BCRMF) registered an increase of 2% in short interest. BCRMF’s total short interest was 10,200 shares in December as published by FINRA. Its up 2% from 10,000 shares, reported previously. With 6,100 shares average volume, it will take short sellers 2 days to cover their BCRMF’s short positions.

The stock increased 0.83% or $0.0101 during the last trading session, reaching $1.2301. It is down 0.00% since December 8, 2016 and is . It has underperformed by 16.70% the S&P500.

Bacanora Minerals Ltd., an exploration stage mining company, engages in the identification, acquisition, exploration, and development of mineral properties in Mexico. The company has market cap of $164.55 million. It primarily focuses on lithium and borates. It currently has negative earnings. The companyÂ’s primary assets include the Sonora Lithium project, which consists of 10 mining concession area covering approximately 100 thousand hectares in the northeast of Sonora State; and the Magdalena Borate project that covers 16,503 hectares in Sonora state.

More notable recent Bacanora Minerals Ltd. (OTCMKTS:BCRMF) news were published by: Mining.com which released: “Blackrock backs Bacanora Minerals with $11 million investment” on May 23, 2016, also Ft.com with their article: “Bacanora Minerals to supply lithium to Japan’s Hanwa” published on April 10, 2017, Juniorminingnetwork.com published: “Bacanora Minerals Announces Management Change” on December 04, 2017. More interesting news about Bacanora Minerals Ltd. (OTCMKTS:BCRMF) were released by: Ft.com and their article: “The intoxicating promise of Bacanora Minerals” published on September 04, 2016 as well as Mining.com‘s news article titled: “Bacanora Minerals secures land access to flagship lithium project in Mexico” with publication date: November 02, 2017.

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