Geodrill Limited (OTCMKTS:GEODF – Get Free Report) saw a significant increase in short interest in the month of 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 days-to-cover ratio is presently 0.4 days.
Geodrill Price Performance
OTCMKTS:GEODF opened at $1.99 on Wednesday. Geodrill has a 12 month low of $1.88 and a 12 month high of $3.14. The company’s 50 day moving average is $2.18 and its 200-day moving average is $2.50.
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.
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