Short Interest in Metallis Resources Inc. (OTCMKTS:MTLFF) Decreases By 56.8%

Metallis Resources Inc. (OTCMKTS:MTLFF) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 37,100 shares, a drop of 56.8% from the December 31st total of 85,900 shares. Based on an average trading volume of 111,900 shares, the days-to-cover ratio is presently 0.3 days.

Metallis Resources Stock Performance

Metallis Resources stock traded up $0.00 during mid-day trading on Friday, reaching $0.14. 60,325 shares of the company’s stock were exchanged, compared to its average volume of 28,568. The business’s fifty day simple moving average is $0.17 and its 200 day simple moving average is $0.14. Metallis Resources has a one year low of $0.03 and a one year high of $0.25.

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.