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

Geodrill Limited (OTCMKTS:GEODF) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 21,128 shares, a drop of 39.1% from the April 15th total of 34,704 shares. Based on an average trading volume of 19,926 shares, the days-to-cover ratio is presently 1.1 days.

Geodrill Price Performance

Shares of Geodrill stock traded up $0.00 during mid-day trading on Monday, hitting $2.01. 2,884 shares of the stock were exchanged, compared to its average volume of 24,020. Geodrill has a 12 month low of $1.92 and a 12 month high of $3.14. The company has a 50-day simple moving average of $2.27 and a 200 day simple moving average of $2.57.

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.