Geodrill Limited (OTCMKTS:GEODF) Short Interest Update

Geodrill Limited (OTCMKTS:GEODF) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 18,665 shares, a decline of 66.4% from the June 15th total of 55,573 shares. Based on an average trading volume of 34,945 shares, the short-interest ratio is currently 0.5 days.

Geodrill Price Performance

GEODF stock traded up $0.02 during trading on Tuesday, hitting $1.91. 350 shares of the company’s stock were exchanged, compared to its average volume of 23,099. Geodrill has a 52-week low of $1.79 and a 52-week high of $3.14. The business has a 50-day moving average price of $2.04 and a two-hundred day moving average price of $2.37.

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.