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

Maple Gold Mines Ltd. (OTCMKTS:MGMLF) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 66,660 shares, a drop of 40.7% from the April 15th total of 112,356 shares. Based on an average trading volume of 228,145 shares, the days-to-cover ratio is presently 0.3 days.

Maple Gold Mines Price Performance

Maple Gold Mines stock traded up C$0.07 during midday trading on Monday, reaching C$2.58. The company’s stock had a trading volume of 20,992 shares, compared to its average volume of 91,788. The stock’s 50 day simple moving average is C$1.97 and its 200 day simple moving average is C$1.67. Maple Gold Mines has a fifty-two week low of C$0.50 and a fifty-two week high of C$3.00.

About Maple Gold Mines

Maple Gold Mines Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold projects in Quebec’s prolific Abitibi greenstone belt. The company’s flagship asset is the Douay gold project, which comprises several contiguous properties covering more than 300 square kilometres of prospective terrain. Through systematic drilling programs and detailed geological mapping, Maple Gold Mines aims to expand and define high?grade gold mineralization within structurally controlled zones.

The Douay project lies approximately 60 kilometres northeast of the Abitibi town of Chibougamau, a well?established mining district with supporting infrastructure such as year?round road access, hydroelectric power and nearby milling facilities.