Maple Gold Mines Ltd. (OTCMKTS:MGMLF) Sees Significant Decline in Short Interest

Maple Gold Mines Ltd. (OTCMKTS:MGMLF) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 66,660 shares, a drop of 40.7% from the April 15th total of 112,356 shares. Based on an average daily trading volume, of 228,145 shares, the short-interest ratio is presently 0.3 days.

Maple Gold Mines Trading Down 6.2%

OTCMKTS MGMLF traded down C$0.16 during mid-day trading on Tuesday, hitting C$2.42. The company’s stock had a trading volume of 48,348 shares, compared to its average volume of 90,981. Maple Gold Mines has a 52-week low of C$0.50 and a 52-week high of C$3.00. The stock’s fifty day simple moving average is C$1.98 and its two-hundred day simple moving average is C$1.68.

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.