Geodrill Limited (OTCMKTS:GEODF – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 23,252 shares, an increase of 76.1% from the July 30th total of 13,203 shares. Based on an average daily volume of 29,915 shares, the short-interest ratio is presently 0.8 days.
Geodrill Price Performance
Geodrill stock opened at $1.97 on Monday. The stock’s 50 day simple moving average is $1.88 and its two-hundred day simple moving average is $2.14. Geodrill has a fifty-two week low of $1.65 and a fifty-two week 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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