Geodrill Limited (OTCMKTS:GEODF – Get Free Report) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 23,842 shares, an increase of 415.3% from the May 14th total of 4,627 shares. Based on an average daily volume of 61,351 shares, the short-interest ratio is presently 0.4 days.
Geodrill Trading Up 4.3%
Shares of Geodrill stock traded up $0.09 on Friday, reaching $2.09. 16,450 shares of the company were exchanged, compared to its average volume of 24,213. Geodrill has a one year low of $1.88 and a one year high of $3.14. The company has a 50-day moving average of $2.17 and a 200 day moving average of $2.49.
About Geodrill
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.
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