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

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

Metallis Resources Price Performance

OTCMKTS MTLFF remained flat at $0.10 during trading on Wednesday. The company’s stock had a trading volume of 4,600 shares, compared to its average volume of 53,553. Metallis Resources has a one year low of $0.10 and a one year high of $0.40. The business’s 50 day simple moving average is $0.12 and its two-hundred day simple moving average is $0.14.

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.