Metallis Resources Inc. (OTCMKTS:MTLFF – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 24,840 shares, an increase of 168.4% from the August 31st total of 9,256 shares. Based on an average daily volume of 98,926 shares, the short-interest ratio is presently 0.3 days.
Metallis Resources Stock Up 9.3%
Shares of MTLFF opened at $0.11 on Friday. The stock’s 50 day moving average is $0.10 and its two-hundred day moving average is $0.11. Metallis Resources has a twelve month low of $0.08 and a twelve month high of $0.40.
Metallis Resources Company Profile
Metallis Resources Inc is a Canadian mineral exploration company focused on the discovery and evaluation of precious- and base-metal deposits. The company has primarily pursued exploration opportunities rather than operating producing mines or selling mineral products.
Its principal exploration asset has been the Kirkham Property in British Columbia’s Golden Triangle, a mineral-rich region known for gold, copper and silver deposits. Exploration activities have included geological mapping, geochemical sampling, geophysical surveys and drilling designed to assess the property’s mineral potential.
Metallis Resources has historically focused its activities in Canada and has operated as an exploration-stage company.
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