Metallis Resources Inc. (OTCMKTS:MTLFF) Sees Significant Growth in Short Interest

Metallis Resources Inc. (OTCMKTS:MTLFF) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 77,500 shares, an increase of 125.3% from the September 15th total of 34,400 shares. Based on an average daily volume of 204,400 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 204,400 shares, the days-to-cover ratio is presently 0.4 days.

Metallis Resources Stock Down 1.3%

Shares of MTLFF opened at $0.28 on Wednesday. Metallis Resources has a 52-week low of $0.11 and a 52-week high of $0.36. The stock has a fifty day simple moving average of $0.26 and a two-hundred day simple moving average of $0.18.

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.