Metallis Resources Inc. (OTCMKTS:MTLFF) Short Interest Up 180.9% in July

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

Metallis Resources Stock Up 5.4%

Metallis Resources stock traded up $0.01 during mid-day trading on Friday, reaching $0.12. The company’s stock had a trading volume of 74,000 shares, compared to its average volume of 52,988. Metallis Resources has a 12 month low of $0.08 and a 12 month high of $0.40. The business’s 50 day simple moving average is $0.10 and its 200 day simple moving average is $0.11.

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.