Danakali Limited (OTCMKTS:SBMSF – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 12,865 shares, an increase of 88.2% from the April 30th total of 6,834 shares. Based on an average trading volume of 32,563 shares, the short-interest ratio is presently 0.4 days.
Danakali Price Performance
Danakali stock opened at $0.07 on Tuesday. Danakali has a 52 week low of $0.01 and a 52 week high of $0.08. The business’s 50-day moving average price is $0.06 and its 200 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).
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