Metallis Resources Inc. (OTCMKTS:MTLFF) Short Interest Up 179.1% in May

Metallis Resources Inc. (OTCMKTS:MTLFF) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 68,705 shares, an increase of 179.1% from the April 30th total of 24,620 shares. Based on an average trading volume of 61,986 shares, the short-interest ratio is presently 1.1 days.

Metallis Resources Price Performance

Shares of MTLFF stock opened at $0.11 on Monday. Metallis Resources has a 52 week low of $0.10 and a 52 week high of $0.40. The company’s fifty day simple moving average is $0.12 and its 200-day simple moving average is $0.15.

Metallis Resources Company Profile

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.