Danakali Limited (OTCMKTS:SBMSF – Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 111,565 shares, a growth of 767.2% from the May 14th total of 12,865 shares. Based on an average trading volume of 34,915 shares, the short-interest ratio is currently 3.2 days.
Danakali Price Performance
OTCMKTS SBMSF remained flat at $0.07 on Wednesday. Danakali has a 52 week low of $0.01 and a 52 week high of $0.08. The firm’s fifty day moving average is $0.06 and its two-hundred day moving average is $0.06.
About Danakali
Danakali Limited (OTCMKTS: SBMSF) is an Australia-based mineral development company focused on the advancement of the Colluli Potash Project in Eritrea. The company’s core business is the development and eventual operation of what is anticipated to be one of the world’s most economical sources of Sulphate of Potash (SOP), a high‐value fertiliser widely used in precision agriculture for fruits, vegetables and specialty crops.
Danakali holds a 60% interest in the Colluli joint venture with the Eritrean National Mining Company (ENAMCO).
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