Metallis Resources Inc. (OTCMKTS:MTLFF) Sees Large Increase in Short Interest

Metallis Resources Inc. (OTCMKTS:MTLFF) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 42,873 shares, an increase of 459.6% from the November 30th total of 7,662 shares. Based on an average daily volume of 991,162 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 991,162 shares, the short-interest ratio is presently 0.0 days.

Metallis Resources Price Performance

Shares of MTLFF traded up $0.01 during mid-day trading on Friday, reaching $0.16. 61,804 shares of the company were exchanged, compared to its average volume of 83,445. Metallis Resources has a 52 week low of $0.11 and a 52 week high of $0.40. The business has a 50 day simple moving average of $0.24 and a two-hundred day simple moving average of $0.22.

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.