Metallis Resources Inc. (OTCMKTS:MTLFF) Short Interest Up 179.1% in May

Metallis Resources Inc. (OTCMKTS:MTLFF) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 68,705 shares, a growth of 179.1% from the April 30th total of 24,620 shares. Based on an average daily volume of 61,986 shares, the days-to-cover ratio is presently 1.1 days.

Metallis Resources Stock Down 4.0%

OTCMKTS:MTLFF traded down $0.00 during mid-day trading on Friday, reaching $0.11. The company’s stock had a trading volume of 27,000 shares, compared to its average volume of 55,590. The company’s fifty day simple moving average is $0.12 and its two-hundred day simple moving average is $0.15. Metallis Resources has a twelve month low of $0.10 and a twelve month high of $0.40.

Metallis Resources Company Profile

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.