Metallis Resources Inc. (OTCMKTS:MTLFF) Short Interest Up 459.6% in December

Metallis Resources Inc. (OTCMKTS:MTLFF) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 42,873 shares, a growth of 459.6% from the November 30th total of 7,662 shares. Based on an average daily trading volume, of 991,162 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 991,162 shares, the days-to-cover ratio is presently 0.0 days.

Metallis Resources Trading Up 9.4%

OTCMKTS:MTLFF opened at $0.16 on Friday. The company’s fifty day moving average price is $0.24 and its 200-day moving average price is $0.22. Metallis Resources has a 1-year low of $0.11 and a 1-year high of $0.40.

Metallis Resources Company Profile

Metallis Resources Inc engages in the exploration and development of mineral properties in Canada. The company primarily explores for gold, copper, nickel, and silver deposits. It holds 100% interest in the Kirkham property comprising 30 contiguous claims covering an area of approximately 10,610 hectares located in north-western British Columbia. It also holds 100% interest in the Greyhound property comprising two past producing silver/gold mines covering an area of 677 hectares located in the Idaho, the United States.