Excellon Resources Inc. (OTCMKTS:EXNRF) Sees Large Increase in Short Interest

Excellon Resources Inc. (OTCMKTS:EXNRF) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 208,914 shares, a growth of 95.9% from the July 30th total of 106,663 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 257,199 shares, the days-to-cover ratio is presently 0.8 days.

Excellon Resources Price Performance

Shares of EXNRF opened at $0.35 on Friday. The stock has a market capitalization of $135.20 million, a price-to-earnings ratio of -11.54 and a beta of 0.96. Excellon Resources has a 1 year low of $0.16 and a 1 year high of $0.56. The business’s 50 day simple moving average is $0.25 and its 200-day simple moving average is $0.31.

Excellon Resources (OTCMKTS:EXNRF) last posted its earnings results on Thursday, August 27th. The company reported ($0.01) earnings per share for the quarter.

Excellon Resources Company Profile

Excellon Resources Inc (OTCMKTS: EXNRF) is a Canadian precious metals mining and exploration company focused on silver, lead and zinc assets in Mexico. The company’s principal producing asset is the Platosa Mine, located in the historic Fresnillo district of Durango state. Platosa has been in production since the mid-2000s and is noted for its high-grade silver-lead-zinc carbonate replacements, which are mined via underground operations and processed at an on-site facility.

In addition to its producing operation, Excellon maintains a portfolio of exploration and development projects in Mexico and Canada.