Danakali Limited (OTCMKTS:SBMSF – Get Free Report) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 111,565 shares, a growth of 767.2% from the May 14th total of 12,865 shares. Based on an average daily trading volume, of 34,915 shares, the short-interest ratio is presently 3.2 days.
Danakali Price Performance
Danakali stock opened at $0.06 on Friday. Danakali has a 1-year low of $0.01 and a 1-year high of $0.08. The firm’s fifty day moving average price is $0.06 and its two-hundred day moving average price is $0.06.
About Danakali
Danakali Limited (OTCMKTS: SBMSF) is an Australia-based mineral development company focused on the advancement of the Colluli Potash Project in Eritrea. The company’s core business is the development and eventual operation of what is anticipated to be one of the world’s most economical sources of Sulphate of Potash (SOP), a high?value fertiliser widely used in precision agriculture for fruits, vegetables and specialty crops.
Danakali holds a 60% interest in the Colluli joint venture with the Eritrean National Mining Company (ENAMCO).
Read More
- Five stocks we like better than Danakali
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Receive News & Ratings for Danakali Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Danakali and related companies with MarketBeat.com's FREE daily email newsletter.
