Danakali Limited (OTCMKTS:SBMSF – Get Free Report) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 12,865 shares, a growth 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 currently 0.4 days.
Danakali Stock Performance
Shares of Danakali stock opened at $0.05 on Wednesday. The business has a 50-day moving average of $0.06 and a 200-day moving average of $0.06. Danakali has a 1-year low of $0.01 and a 1-year high of $0.08.
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 highâvalue 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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