Short Interest in Azimut Exploration Inc. (OTCMKTS:AZMTF) Drops By 58.0%

Azimut Exploration Inc. (OTCMKTS:AZMTF) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 5,930 shares, a decline of 58.0% from the June 15th total of 14,130 shares. Based on an average daily trading volume, of 24,028 shares, the days-to-cover ratio is currently 0.2 days.

Azimut Exploration Price Performance

AZMTF stock opened at $0.41 on Tuesday. The business has a 50 day simple moving average of $0.48 and a 200-day simple moving average of $0.54. Azimut Exploration has a twelve month low of $0.39 and a twelve month high of $0.84.

About Azimut Exploration

Azimut Exploration Inc (OTCMKTS: AZMTF) is a Canadian mineral exploration company focused on the identification and delineation of large‐scale gold and base metal deposits in Quebec. The company’s primary business activities include the acquisition, exploration and development of mineral properties, with an emphasis on underexplored greenstone belts in the Abitibi region and the James Bay territory.

Azimut’s exploration model combines detailed geological mapping, multi‐disciplinary geophysical surveys and systematic geochemical sampling to generate high‐potential targets.