Maple Gold Mines Ltd. (OTCMKTS:MGMLF) Shares Shorted: Short Interest Down 56.5% in September

Maple Gold Mines Ltd. (OTCMKTS:MGMLF) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 30,563 shares, a drop of 56.5% from the August 31st total of 70,192 shares. Based on an average daily trading volume, of 155,457 shares, the short-interest ratio is currently 0.2 days.

Maple Gold Mines Stock Performance

Shares of OTCMKTS:MGMLF opened at C$2.15 on Wednesday. The business has a fifty day moving average price of C$2.04 and a 200-day moving average price of C$2.01. Maple Gold Mines has a 1-year low of C$0.81 and a 1-year high of C$3.00.

Maple Gold Mines Company Profile

Maple Gold Mines Ltd. is a Canadian mineral exploration and development company focused on advancing gold properties in Quebec’s Abitibi Greenstone Belt. The company is not a gold producer and does not currently market commercial products; its activities center on geological exploration, drilling, resource evaluation and project development.

Maple Gold’s principal assets are the Douay and Joutel gold projects, which are located in the northern Abitibi region. The projects are situated in an established mining district with existing infrastructure and a history of gold exploration and production.