Geodrill Limited (OTCMKTS:GEODF) Short Interest Down 39.1% in April

Geodrill Limited (OTCMKTS:GEODF) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 21,128 shares, a decline of 39.1% from the April 15th total of 34,704 shares. Based on an average daily volume of 19,926 shares, the days-to-cover ratio is presently 1.1 days.

Geodrill Price Performance

Geodrill stock traded down $0.06 on Tuesday, reaching $1.95. The company’s stock had a trading volume of 9,100 shares, compared to its average volume of 24,072. The business’s fifty day moving average price is $2.26 and its 200 day moving average price is $2.56. Geodrill has a twelve month low of $1.92 and a twelve month 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.