Excellon Resources Inc. (OTCMKTS:EXNRF) Sees Significant Decline in Short Interest

Excellon Resources Inc. (OTCMKTS:EXNRF) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 82,970 shares, a drop of 59.6% from the May 31st total of 205,250 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 624,412 shares, the days-to-cover ratio is presently 0.1 days.

Excellon Resources Stock Performance

Shares of Excellon Resources stock opened at $0.24 on Wednesday. The business has a 50-day simple moving average of $0.32 and a 200-day simple moving average of $0.35. The company has a market cap of $93.29 million, a PE ratio of -8.08 and a beta of 0.88. Excellon Resources has a one year low of $0.16 and a one year high of $0.56. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.25 and a current ratio of 1.25.

About Excellon Resources

Excellon Resources Inc (OTCMKTS: EXNRF) is a Canadian precious metals mining and exploration company focused on silver, lead and zinc assets in Mexico. The company’s principal producing asset is the Platosa Mine, located in the historic Fresnillo district of Durango state. Platosa has been in production since the mid-2000s and is noted for its high-grade silver-lead-zinc carbonate replacements, which are mined via underground operations and processed at an on-site facility.

In addition to its producing operation, Excellon maintains a portfolio of exploration and development projects in Mexico and Canada.