Short Interest in Geodrill Limited (OTCMKTS:GEODF) Decreases By 39.1%

Geodrill Limited (OTCMKTS:GEODFGet Free Report) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 21,128 shares, a decrease of 39.1% from the April 15th total of 34,704 shares. Based on an average trading volume of 19,926 shares, the short-interest ratio is currently 1.1 days.

Geodrill Stock Down 0.4%

Geodrill stock traded down $0.01 during mid-day trading on Friday, hitting $2.01. The company’s stock had a trading volume of 33,046 shares, compared to its average volume of 24,257. The firm’s 50 day moving average is $2.27 and its 200 day moving average is $2.57. Geodrill has a 52-week low of $1.92 and a 52-week high of $3.14.

About Geodrill

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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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