Geodrill Limited (OTCMKTS:GEODF) Sees Significant Drop in Short Interest

Geodrill Limited (OTCMKTS:GEODF) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 5,112 shares, a decrease of 64.6% from the September 30th total of 14,456 shares. Based on an average daily trading volume, of 4,629 shares, the short-interest ratio is currently 1.1 days.

Geodrill Stock Up 2.5%

Shares of Geodrill stock traded up $0.05 on Friday, reaching $2.05. The company’s stock had a trading volume of 160,917 shares, compared to its average volume of 21,453. Geodrill has a 52 week low of $1.65 and a 52 week high of $3.14. The firm’s fifty day simple moving average is $1.92 and its two-hundred day simple moving average is $2.14.

Geodrill Company Profile

Geodrill Limited is a drilling services company that provides exploration and production drilling for the mining industry. The company works with mining companies and exploration clients to support the discovery, evaluation and development of mineral deposits.

Its services include reverse-circulation, diamond-core, rotary air-blast, air-core and grade-control drilling, along with specialized drilling solutions for challenging geological conditions. Geodrill operates a fleet of drilling rigs and related equipment designed for surface and, in some markets, underground applications.

Founded in 1998, Geodrill has built a presence in West Africa and other international mining regions.