Maple Gold Mines Ltd. (OTCMKTS:MGMLF) Sees Large Increase in Short Interest

Maple Gold Mines Ltd. (OTCMKTS:MGMLF) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 111,978 shares, an increase of 128.9% from the June 30th total of 48,914 shares. Based on an average daily trading volume, of 119,000 shares, the days-to-cover ratio is presently 0.9 days.

Maple Gold Mines Stock Performance

Shares of MGMLF traded up C$0.09 on Thursday, hitting C$1.91. 4,693 shares of the stock traded hands, compared to its average volume of 79,136. The stock’s 50 day moving average is C$1.99 and its two-hundred day moving average is C$1.97. Maple Gold Mines has a 1 year low of C$0.50 and a 1 year high of C$3.00.

About Maple Gold Mines

Maple Gold Mines Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold projects in Quebec’s prolific Abitibi greenstone belt. The company’s flagship asset is the Douay gold project, which comprises several contiguous properties covering more than 300 square kilometres of prospective terrain. Through systematic drilling programs and detailed geological mapping, Maple Gold Mines aims to expand and define high‐grade gold mineralization within structurally controlled zones.

The Douay project lies approximately 60 kilometres northeast of the Abitibi town of Chibougamau, a well‐established mining district with supporting infrastructure such as year‐round road access, hydroelectric power and nearby milling facilities.