Short Interest in Metallis Resources Inc. (OTCMKTS:MTLFF) Drops By 81.3%

Metallis Resources Inc. (OTCMKTS:MTLFF) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 12,838 shares, a decrease of 81.3% from the May 14th total of 68,705 shares. Based on an average daily volume of 22,225 shares, the short-interest ratio is presently 0.6 days.

Metallis Resources Price Performance

Shares of OTCMKTS MTLFF remained flat at $0.10 during mid-day trading on Thursday. The stock had a trading volume of 4,600 shares, compared to its average volume of 53,553. Metallis Resources has a twelve month low of $0.10 and a twelve month high of $0.40. The business’s 50-day moving average is $0.12 and its 200 day moving average is $0.13.

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.