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 July. As of July 31st, there was short interest totaling 13,203 shares, a drop of 44.0% from the July 15th total of 23,580 shares. Based on an average daily trading volume, of 20,740 shares, the days-to-cover ratio is currently 0.6 days.

Geodrill Trading Down 1.6%

Geodrill stock opened at $1.79 on Wednesday. Geodrill has a 1 year low of $1.65 and a 1 year high of $3.14. The firm’s 50 day moving average price is $1.88 and its 200-day moving average price is $2.17.

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.