Danakali Limited (OTCMKTS:SBMSF – Get Free Report) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 6,834 shares, an increase of 75.6% from the April 15th total of 3,891 shares. Based on an average trading volume of 10,857 shares, the short-interest ratio is presently 0.6 days.
Danakali Price Performance
SBMSF stock remained flat at $0.06 during trading on Monday. 50,380 shares of the company’s stock traded hands, compared to its average volume of 18,563. Danakali has a fifty-two week low of $0.01 and a fifty-two week high of $0.08. The firm has a 50 day simple moving average of $0.06 and a two-hundred day simple moving average of $0.06.
Danakali Company Profile
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 highâvalue 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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