Excellon Resources Inc. (OTCMKTS:EXNRF) Sees Significant Decline in Short Interest

Excellon Resources Inc. (OTCMKTS:EXNRF) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 86,547 shares, a drop of 38.6% from the September 30th total of 140,976 shares. Based on an average daily volume of 315,999 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Excellon Resources Trading Up 0.6%

Shares of Excellon Resources stock opened at $0.18 on Tuesday. The firm has a fifty day simple moving average of $0.25 and a 200-day simple moving average of $0.31. The stock has a market capitalization of $79.35 million, a price-to-earnings ratio of -9.00 and a beta of 1.00. Excellon Resources has a 1-year low of $0.16 and a 1-year high of $0.56.

Excellon Resources (OTCMKTS:EXNRF) last posted its earnings results on Thursday, August 27th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Excellon Resources Company Profile

Excellon Resources Inc is a precious-metals exploration and development company focused on identifying and advancing silver, gold and base-metal projects. The company’s activities include mineral exploration, resource evaluation, project development and mine operations, with an emphasis on properties that may support future production.

Excellon has historically operated in Mexico, including the Platosa silver-lead-zinc mine in Durango State. Platosa was known for high-grade silver production and represented the company’s principal operating asset for many years.