Excellon Resources Inc. (OTCMKTS:EXNRF) Sees Large Drop in Short Interest

Excellon Resources Inc. (OTCMKTS:EXNRF) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 82,970 shares, a decrease of 59.6% from the May 31st total of 205,250 shares. Based on an average daily trading volume, of 624,412 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Excellon Resources Price Performance

Shares of Excellon Resources stock opened at $0.24 on Monday. The business’s fifty day moving average price is $0.32 and its two-hundred day moving average price is $0.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $93.94 million, a P/E ratio of -8.14 and a beta of 0.87. Excellon Resources has a 1-year low of $0.16 and a 1-year high of $0.56.

About Excellon Resources

Excellon Resources Inc (OTCMKTS: EXNRF) is a Canadian precious metals mining and exploration company focused on silver, lead and zinc assets in Mexico. The company’s principal producing asset is the Platosa Mine, located in the historic Fresnillo district of Durango state. Platosa has been in production since the mid-2000s and is noted for its high-grade silver-lead-zinc carbonate replacements, which are mined via underground operations and processed at an on-site facility.

In addition to its producing operation, Excellon maintains a portfolio of exploration and development projects in Mexico and Canada.