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

Metallis Resources Inc. (OTCMKTS:MTLFF) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 9,316 shares, an increase of 180.9% from the July 15th total of 3,316 shares. Based on an average trading volume of 47,008 shares, the short-interest ratio is presently 0.2 days.

Metallis Resources Trading Up 5.4%

Shares of Metallis Resources stock opened at $0.12 on Friday. The company’s 50-day moving average price is $0.10 and its two-hundred day moving average price is $0.11. Metallis Resources has a 52 week low of $0.08 and a 52 week high of $0.40.

About Metallis Resources

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.