Azimut Exploration Inc. (OTCMKTS:AZMTF) Sees Large Increase in Short Interest

Azimut Exploration Inc. (OTCMKTS:AZMTF) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,733 shares, a growth of 7,120.8% from the April 30th total of 24 shares. Based on an average daily volume of 15,425 shares, the short-interest ratio is presently 0.1 days.

Azimut Exploration Stock Performance

AZMTF traded down $0.01 during midday trading on Wednesday, reaching $0.50. 3,038 shares of the company’s stock were exchanged, compared to its average volume of 29,807. The business’s 50-day moving average price is $0.51 and its 200 day moving average price is $0.56. Azimut Exploration has a 1-year low of $0.39 and a 1-year high of $0.84.

Azimut Exploration Company Profile

Azimut Exploration Inc (OTCMKTS: AZMTF) is a Canadian mineral exploration company focused on the identification and delineation of large‐scale gold and base metal deposits in Quebec. The company’s primary business activities include the acquisition, exploration and development of mineral properties, with an emphasis on underexplored greenstone belts in the Abitibi region and the James Bay territory.

Azimut’s exploration model combines detailed geological mapping, multi‐disciplinary geophysical surveys and systematic geochemical sampling to generate high‐potential targets.