Short Interest in Maple Gold Mines Ltd. (OTCMKTS:MGMLF) Rises By 95.4%

Maple Gold Mines Ltd. (OTCMKTS:MGMLF) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 215,792 shares, a growth of 95.4% from the January 15th total of 110,422 shares. Based on an average daily volume of 238,315 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 238,315 shares, the days-to-cover ratio is presently 0.9 days.

Maple Gold Mines Stock Performance

OTCMKTS MGMLF opened at C$1.75 on Friday. Maple Gold Mines has a 1-year low of C$0.35 and a 1-year high of C$2.13. The business has a 50 day simple moving average of C$1.59 and a two-hundred day simple moving average of C$1.02.

Maple Gold Mines Company Profile

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.