Probe Metals Inc. (OTCMKTS:PROBF – Get Rating) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totalling 146,500 shares, an increase of 23.5% from the June 30th total of 118,600 shares. Based on an average trading volume of 123,400 shares, the days-to-cover ratio is presently 1.2 days.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group assumed coverage on shares of Probe Metals in a report on Tuesday, May 10th. They issued a "buy" rating on the stock.

Probe Metals Stock Performance

Probe Metals stock traded down $0.11 during mid-day trading on Wednesday, hitting $1.15. The company had a trading volume of 9,225 shares, compared to its average volume of 38,861. Probe Metals has a 1 year low of $0.90 and a 1 year high of $1.85. The business has a fifty day moving average of $1.22 and a 200 day moving average of $1.45.

Probe Metals Company Profile

Probe Metals Inc, a junior resource company, engages in the acquisition, exploration, and development of mineral properties in Canada. The company's principal project is the Val-d'Or East project comprising 1,000 claims covering an area of 43,638 hectares located in the city of Val-d'Or, Quebec.

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