Geodrill Limited (OTCMKTS:GEODF – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 23,252 shares, a growth of 76.1% from the July 30th total of 13,203 shares. Based on an average daily trading volume, of 29,915 shares, the days-to-cover ratio is presently 0.8 days.
Geodrill Price Performance
Shares of OTCMKTS:GEODF opened at $1.97 on Monday. The stock’s 50-day simple moving average is $1.88 and its two-hundred day simple moving average is $2.14. Geodrill has a 52-week low of $1.65 and a 52-week high of $3.14.
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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