Maple Gold Mines Ltd. (OTCMKTS:MGMLF) Short Interest Down 31.3% in April

Maple Gold Mines Ltd. (OTCMKTS:MGMLF) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 112,356 shares, a drop of 31.3% from the March 31st total of 163,522 shares. Based on an average daily volume of 141,038 shares, the days-to-cover ratio is presently 0.8 days.

Maple Gold Mines Price Performance

OTCMKTS:MGMLF opened at C$2.19 on Tuesday. Maple Gold Mines has a 12 month low of C$0.50 and a 12 month high of C$2.35. The company’s 50 day moving average is C$1.87 and its 200-day moving average is C$1.55.

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.