Short Interest in Metallis Resources Inc. (OTCMKTS:MTLFF) Decreases By 53.2%

Metallis Resources Inc. (OTCMKTS:MTLFF) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 24,620 shares, a drop of 53.2% from the April 15th total of 52,620 shares. Based on an average daily volume of 61,929 shares, the days-to-cover ratio is currently 0.4 days.

Metallis Resources Stock Performance

Shares of MTLFF stock remained flat at $0.12 during midday trading on Friday. The company’s stock had a trading volume of 57,000 shares, compared to its average volume of 58,343. The stock has a 50-day simple moving average of $0.12 and a 200 day simple moving average of $0.16. Metallis Resources has a one year low of $0.10 and a one 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.