Maple Gold Mines Ltd. (OTCMKTS:MGMLF) Short Interest Update

Maple Gold Mines Ltd. (OTCMKTS:MGMLF) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 30,563 shares, a decline of 56.5% from the August 31st total of 70,192 shares. Based on an average daily trading volume, of 155,457 shares, the days-to-cover ratio is presently 0.2 days.

Maple Gold Mines Stock Down 1.2%

OTCMKTS:MGMLF traded down C$0.03 during trading hours on Tuesday, hitting C$2.15. 15,268 shares of the stock were exchanged, compared to its average volume of 78,854. The company’s 50 day moving average is C$2.03 and its two-hundred day moving average is C$2.01. Maple Gold Mines has a twelve month low of C$0.81 and a twelve month high of C$3.00.

Maple Gold Mines Company Profile

Maple Gold Mines Ltd. is a Canadian mineral exploration and development company focused on advancing gold properties in Quebec’s Abitibi Greenstone Belt. The company is not a gold producer and does not currently market commercial products; its activities center on geological exploration, drilling, resource evaluation and project development.

Maple Gold’s principal assets are the Douay and Joutel gold projects, which are located in the northern Abitibi region. The projects are situated in an established mining district with existing infrastructure and a history of gold exploration and production.