Metallis Resources Inc. (OTCMKTS:MTLFF) Shares Shorted: Short Interest Down 42.9% in September

Metallis Resources Inc. (OTCMKTS:MTLFF) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 14,173 shares, a decrease of 42.9% from the September 15th total of 24,840 shares. Based on an average daily volume of 104,448 shares, the days-to-cover ratio is currently 0.1 days.

Metallis Resources Stock Performance

Shares of MTLFF opened at $0.09 on Thursday. Metallis Resources has a 52-week low of $0.08 and a 52-week high of $0.40. The company has a 50-day simple moving average of $0.10 and a 200-day simple moving average of $0.10.

Metallis Resources Company Profile

Metallis Resources Inc is a Canadian mineral exploration company focused on the discovery and evaluation of precious- and base-metal deposits. The company has primarily pursued exploration opportunities rather than operating producing mines or selling mineral products.

Its principal exploration asset has been the Kirkham Property in British Columbia’s Golden Triangle, a mineral-rich region known for gold, copper and silver deposits. Exploration activities have included geological mapping, geochemical sampling, geophysical surveys and drilling designed to assess the property’s mineral potential.

Metallis Resources has historically focused its activities in Canada and has operated as an exploration-stage company.