Short Interest in Maple Gold Mines Ltd. (OTCMKTS:MGMLF) Decreases By 51.3%

Maple Gold Mines Ltd. (OTCMKTS:MGMLF) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 48,914 shares, a drop of 51.3% from the June 15th total of 100,380 shares. Based on an average trading volume of 87,700 shares, the short-interest ratio is presently 0.6 days.

Maple Gold Mines Stock Down 4.0%

Maple Gold Mines stock traded down C$0.07 during trading on Thursday, reaching C$1.77. 36,107 shares of the company’s stock were exchanged, compared to its average volume of 82,224. The company’s 50-day moving average is C$2.14 and its two-hundred day moving average is C$1.94. Maple Gold Mines has a 52-week low of C$0.50 and a 52-week high of C$3.00.

Maple Gold Mines Company Profile

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.