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

Metallis Resources Inc. (OTCMKTS:MTLFF) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 49,900 shares, a growth of 679.7% from the August 15th total of 6,400 shares. Based on an average daily trading volume, of 174,400 shares, the days-to-cover ratio is presently 0.3 days.

Metallis Resources Stock Down 0.7 %

MTLFF traded down $0.00 during midday trading on Friday, hitting $0.14. 38,600 shares of the company were exchanged, compared to its average volume of 54,653. Metallis Resources has a 1-year low of $0.02 and a 1-year high of $0.16. The firm’s 50 day moving average price is $0.10 and its 200-day moving average price is $0.08.

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.