Maple Gold Mines Ltd. (OTCMKTS:MGMLF) Short Interest Up 128.9% in July

Maple Gold Mines Ltd. (OTCMKTS:MGMLF) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 111,978 shares, an increase of 128.9% from the June 30th total of 48,914 shares. Based on an average daily volume of 119,000 shares, the short-interest ratio is currently 0.9 days.

Maple Gold Mines Stock Down 6.4%

Shares of OTCMKTS:MGMLF traded down C$0.12 during midday trading on Tuesday, reaching C$1.79. 15,986 shares of the company’s stock were exchanged, compared to its average volume of 79,712. The firm’s 50 day simple moving average is C$2.01 and its two-hundred day simple moving average is C$1.96. Maple Gold Mines has a fifty-two week low of C$0.50 and a fifty-two week high of C$3.00.

Maple Gold Mines Company Profile

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.