Metallis Resources Inc. (OTCMKTS:MTLFF) Shares Shorted: Short Interest Down 42.9% in September

Metallis Resources Inc. (OTCMKTS:MTLFF) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 14,173 shares, a decrease of 42.9% from the September 15th total of 24,840 shares. Based on an average daily volume of 104,448 shares, the days-to-cover ratio is presently 0.1 days.

Metallis Resources Price Performance

Shares of Metallis Resources stock traded up $0.00 during midday trading on Friday, reaching $0.09. The company had a trading volume of 150 shares, compared to its average volume of 50,041. Metallis Resources has a fifty-two week low of $0.08 and a fifty-two week high of $0.40. The stock has a fifty day moving average price of $0.10 and a 200 day moving average price of $0.10.

Metallis Resources Company Profile

Metallis Resources Inc is a Canadian mineral exploration company focused on the discovery and development of precious- and base-metal deposits. The company does not produce or sell commercial products; its activities center on acquiring, evaluating and advancing mineral properties.

Metallis’ principal asset is the Kirkham Property in northwestern British Columbia’s Golden Triangle, a region known for significant copper, gold and silver mineralization. Exploration has focused on identifying and assessing targets with potential for copper-gold, gold-silver and related mineral deposits.

The company’s operations are concentrated in Canada, particularly British Columbia.