Short Interest in Geodrill Limited (OTCMKTS:GEODF) Increases By 133.1%

Geodrill Limited (OTCMKTS:GEODF) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 55,573 shares, an increase of 133.1% from the May 31st total of 23,842 shares. Based on an average daily volume of 37,539 shares, the short-interest ratio is presently 1.5 days.

Geodrill Stock Up 1.3%

GEODF traded up $0.02 during mid-day trading on Monday, reaching $1.87. The stock had a trading volume of 4,977 shares, compared to its average volume of 23,686. The firm’s fifty day simple moving average is $2.12 and its two-hundred day simple moving average is $2.44. Geodrill has a 52 week low of $1.79 and a 52 week high of $3.14.

Geodrill Company Profile

Geodrill Limited is a Ghana-based contract drilling services company catering to mineral exploration and resource development projects in West and Central Africa. The company offers a full suite of drilling solutions, including reverse circulation, diamond core, percussion and wireline logging methods. These capabilities enable Geodrill to generate critical data on mineralisation attributes such as grade, continuity and structural orientation for its mining industry clients.

Established in 2004 and headquartered in Accra, Geodrill has developed operations across multiple jurisdictions, including Burkina Faso, Mali, Côte d’Ivoire, Guinea and the Democratic Republic of Congo.