Coastal Pacific Mining Being Pumped? (CPMCF)

Benzinga is getting word that Coastal Pacific Mining Corp. (OTC:CPMCF) is being pumped. During Tuesday's trading session, the shares have risen 7.86% to $0.55. Over the last 5 days, CPMCF has gained 637% on very heavy volume. The company now has a market cap of $49.14 million after the run up.

Noted short sellers such as Timothy Sykes have got this name in their crosshairs. Sykes is apparently shorting CPMCF, looking to profit from the inevitable decline in the pumped up stock price. Find the entire backstory about this pump and dump here.

Coastal Pacific Mining Corp. is an exploration-stage company. The Company is engaged in exploring, developing and mining gold and silver resources in North and South America.