Turmalina Metals Corp. (OTCMKTS:TBXXF) Sees Significant Drop in Short Interest

Turmalina Metals Corp. (OTCMKTS:TBXXF) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 20,300 shares, a drop of 73.0% from the February 13th total of 75,200 shares. Based on an average daily trading volume, of 95,900 shares, the days-to-cover ratio is currently 0.2 days.

Turmalina Metals Stock Performance

TBXXF stock traded up $0.03 during trading on Friday, hitting $0.16. The company had a trading volume of 549,892 shares, compared to its average volume of 105,955. The firm has a 50-day moving average price of $0.07 and a 200-day moving average price of $0.05. Turmalina Metals has a 1-year low of $0.02 and a 1-year high of $0.19.

About Turmalina Metals

Turmalina Metals Corp. engages in the acquisition, exploration, and evaluation of mineral resource properties in South America. It primarily explores for gold, copper, and silver deposits. The company’s principal property is the San Francisco project located in San Juan Province, Argentina. The company was formerly known as Turmalina Copper Corp.