Short Interest in Azimut Exploration Inc. (OTCMKTS:AZMTF) Increases By 449.6%

Azimut Exploration Inc. (OTCMKTS:AZMTF) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 9,524 shares, a growth of 449.6% from the May 14th total of 1,733 shares. Based on an average daily volume of 15,392 shares, the short-interest ratio is currently 0.6 days.

Azimut Exploration Price Performance

Azimut Exploration stock traded up $0.02 during mid-day trading on Friday, hitting $0.47. The stock had a trading volume of 11,000 shares, compared to its average volume of 27,932. The stock has a 50-day simple moving average of $0.51 and a two-hundred day simple moving average of $0.56. Azimut Exploration has a 12 month low of $0.39 and a 12 month high of $0.84.

About Azimut Exploration

Azimut Exploration Inc (OTCMKTS: AZMTF) is a Canadian mineral exploration company focused on the identification and delineation of large‐scale gold and base metal deposits in Quebec. The company’s primary business activities include the acquisition, exploration and development of mineral properties, with an emphasis on underexplored greenstone belts in the Abitibi region and the James Bay territory.

Azimut’s exploration model combines detailed geological mapping, multi‐disciplinary geophysical surveys and systematic geochemical sampling to generate high‐potential targets.