Danakali Limited (OTCMKTS:SBMSF – Get Free Report) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 6,834 shares, a growth of 75.6% from the April 15th total of 3,891 shares. Based on an average daily volume of 10,857 shares, the days-to-cover ratio is presently 0.6 days.
Danakali Stock Performance
Shares of OTCMKTS SBMSF opened at $0.06 on Tuesday. Danakali has a 12-month low of $0.01 and a 12-month high of $0.08. The stock has a 50 day simple moving average of $0.06 and a 200-day simple moving average of $0.06.
About Danakali
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 high‐value 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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