Geodrill Limited (OTCMKTS:GEODF – Get Free Report) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 23,252 shares, an increase of 76.1% from the July 30th total of 13,203 shares. Based on an average daily trading volume, of 29,915 shares, the short-interest ratio is currently 0.8 days.
Geodrill Stock Down 1.0%
Shares of GEODF traded down $0.02 during mid-day trading on Tuesday, hitting $1.97. The company’s stock had a trading volume of 700 shares, compared to its average volume of 21,268. Geodrill has a one year low of $1.65 and a one year high of $3.14. The stock’s 50-day moving average is $1.87 and its two-hundred day moving average is $2.13.
About Geodrill
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.
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