Metallis Resources Inc. (OTCMKTS:MTLFF) Sees Large Drop in Short Interest

Metallis Resources Inc. (OTCMKTS:MTLFF) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 85 shares, a decline of 85.5% from the December 31st total of 585 shares. Based on an average daily trading volume, of 174,011 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 174,011 shares, the days-to-cover ratio is currently 0.0 days.

Metallis Resources Stock Performance

OTCMKTS:MTLFF traded up $0.02 during mid-day trading on Wednesday, hitting $0.15. The company’s stock had a trading volume of 68,000 shares, compared to its average volume of 84,450. Metallis Resources has a fifty-two week low of $0.11 and a fifty-two week high of $0.40. The stock has a fifty day moving average of $0.17 and a 200-day moving average of $0.22.

About Metallis Resources

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.