Geodrill Limited (OTCMKTS:GEODF – Get Free Report) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 55,573 shares, an increase of 133.1% from the May 31st total of 23,842 shares. Based on an average trading volume of 37,539 shares, the days-to-cover ratio is presently 1.5 days.
Geodrill Stock Performance
Geodrill stock traded up $0.02 during mid-day trading on Tuesday, hitting $1.88. The company’s stock had a trading volume of 22,900 shares, compared to its average volume of 23,678. The company has a 50 day moving average of $2.11 and a 200-day moving average of $2.43. Geodrill has a one year low of $1.79 and a one year 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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