Metallis Resources Inc. (OTCMKTS:MTLFF) Short Interest Up 172.2% in August

Metallis Resources Inc. (OTCMKTS:MTLFF) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 9,256 shares, a growth of 172.2% from the August 15th total of 3,400 shares. Based on an average daily volume of 59,820 shares, the days-to-cover ratio is presently 0.2 days.

Metallis Resources Price Performance

OTCMKTS:MTLFF opened at $0.11 on Friday. The firm has a 50-day moving average of $0.10 and a two-hundred day moving average of $0.11. Metallis Resources has a 1-year low of $0.08 and a 1-year high of $0.40.

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. 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.