Short Interest in Maple Gold Mines Ltd. (OTCMKTS:MGMLF) Grows By 95.4%

Maple Gold Mines Ltd. (OTCMKTS:MGMLF) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 215,792 shares, an increase of 95.4% from the January 15th total of 110,422 shares. Based on an average trading volume of 238,315 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 238,315 shares, the short-interest ratio is presently 0.9 days.

Maple Gold Mines Stock Performance

Shares of Maple Gold Mines stock opened at C$1.81 on Friday. The stock’s 50-day moving average is C$1.60 and its 200 day moving average is C$1.03. Maple Gold Mines has a one year low of C$0.35 and a one year high of C$2.13.

About Maple Gold Mines

Maple Gold Mines Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold projects in Quebec’s prolific Abitibi greenstone belt. The company’s flagship asset is the Douay gold project, which comprises several contiguous properties covering more than 300 square kilometres of prospective terrain. Through systematic drilling programs and detailed geological mapping, Maple Gold Mines aims to expand and define high‐grade gold mineralization within structurally controlled zones.

The Douay project lies approximately 60 kilometres northeast of the Abitibi town of Chibougamau, a well‐established mining district with supporting infrastructure such as year‐round road access, hydroelectric power and nearby milling facilities.