Metallis Resources Inc. (OTCMKTS:MTLFF) Short Interest Up 172.2% in August

Metallis Resources Inc. (OTCMKTS:MTLFF) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 9,256 shares, an increase of 172.2% from the August 15th total of 3,400 shares. Based on an average trading volume of 59,820 shares, the short-interest ratio is presently 0.2 days.

Metallis Resources Trading Down 6.5%

MTLFF stock opened at $0.10 on Monday. The company’s 50 day simple moving average is $0.10 and its 200-day simple moving average is $0.11. Metallis Resources has a 12 month low of $0.08 and a 12 month high of $0.40.

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. 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.