Metallis Resources Inc. (OTCMKTS:MTLFF) Sees Significant Decrease in Short Interest

Metallis Resources Inc. (OTCMKTS:MTLFFGet Free Report) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 12,838 shares, a decline of 81.3% from the May 14th total of 68,705 shares. Based on an average daily volume of 22,225 shares, the short-interest ratio is currently 0.6 days.

Metallis Resources Stock Performance

Shares of Metallis Resources stock remained flat at $0.10 during trading on Wednesday. The stock had a trading volume of 4,600 shares, compared to its average volume of 53,553. The stock has a 50 day moving average price of $0.12 and a two-hundred day moving average price of $0.14. Metallis Resources has a twelve month low of $0.10 and a twelve month high of $0.40.

About Metallis Resources

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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. It also holds 100% interest in the Greyhound property comprising two past producing silver/gold mines covering an area of 677 hectares located in the Idaho, the United States.

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