Geodrill Limited (OTCMKTS:GEODF – Get Free Report) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 4,627 shares, a decrease of 78.1% from the April 30th total of 21,128 shares. Based on an average daily trading volume, of 67,895 shares, the days-to-cover ratio is currently 0.1 days.
Geodrill Stock Up 2.7%
Geodrill stock traded up $0.06 during trading hours on Friday, reaching $2.21. 32,186 shares of the stock were exchanged, compared to its average volume of 24,597. Geodrill has a 52-week low of $1.92 and a 52-week high of $3.14. The firm’s 50 day moving average is $2.19 and its 200 day moving average is $2.54.
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.
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