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

Excellon Resources Inc. (OTCMKTS:EXNRF) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 72,200 shares, a decline of 11.0% from the August 31st total of 81,100 shares. Based on an average daily volume of 189,700 shares, the days-to-cover ratio is currently 0.4 days.

Excellon Resources Price Performance

Shares of OTCMKTS EXNRF opened at $0.09 on Friday. Excellon Resources has a fifty-two week low of $0.05 and a fifty-two week high of $0.19. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.23 and a current ratio of 0.23. The firm’s 50-day simple moving average is $0.08 and its 200 day simple moving average is $0.11. The stock has a market cap of $9.65 million, a price-to-earnings ratio of -0.26 and a beta of 1.02.

About Excellon Resources

Excellon Resources Inc engages in the acquisition, exploration, and advancement of mineral properties. It primarily explores for silver, lead, zinc, and gold deposits, as well as base metals. The company holds 100% interests in the Platosa property covering an area of approximately 11,000 hectares located in Durango State, Mexico; the Evolución property that covers an area of 31,280 hectares situated in the states of Durango and Zacatecas, Mexico; and the Silver City project totaling an area of 340 square kilometers in Saxony, Germany.