Short Interest in Maple Gold Mines Ltd. (OTCMKTS:MGMLF) Decreases By 51.3%

Maple Gold Mines Ltd. (OTCMKTS:MGMLF) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 48,914 shares, a decrease of 51.3% from the June 15th total of 100,380 shares. Based on an average daily trading volume, of 87,700 shares, the days-to-cover ratio is presently 0.6 days.

Maple Gold Mines Price Performance

Shares of OTCMKTS:MGMLF traded up C$0.05 during midday trading on Wednesday, hitting C$1.93. The stock had a trading volume of 1,541 shares, compared to its average volume of 82,437. Maple Gold Mines has a 12 month low of C$0.50 and a 12 month high of C$3.00. The business’s 50-day simple moving average is C$2.16 and its 200-day simple moving average is C$1.94.

About Maple Gold Mines

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.