Metallis Resources Inc. (OTCMKTS:MTLFF) Short Interest Up 161.9% in March
by Jessica Moore · The Cerbat GemMetallis Resources Inc. (OTCMKTS:MTLFF – Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 35,089 shares, a growth of 161.9% from the February 26th total of 13,399 shares. Based on an average daily trading volume, of 58,839 shares, the short-interest ratio is presently 0.6 days.
Metallis Resources Stock Performance
Shares of MTLFF remained flat at $0.12 during mid-day trading on Friday. The stock had a trading volume of 52,500 shares, compared to its average volume of 65,439. The firm’s 50 day moving average is $0.13 and its 200-day moving average is $0.20. Metallis Resources has a 1 year low of $0.11 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.