Metallis Resources Inc. (OTCMKTS:MTLFF) Sees Large Decline in Short Interest

Metallis Resources Inc. (OTCMKTS:MTLFF) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 13,399 shares, a decline of 59.4% from the February 12th total of 32,998 shares. Based on an average daily volume of 114,318 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 114,318 shares, the days-to-cover ratio is currently 0.1 days.

Metallis Resources Stock Performance

Metallis Resources stock opened at $0.12 on Wednesday. The firm’s 50-day moving average is $0.13 and its 200-day moving average is $0.21. Metallis Resources has a 1 year low of $0.11 and a 1 year 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.