Danakali Limited (OTCMKTS:SBMSF – Get Free Report) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 111,565 shares, a growth of 767.2% from the May 14th total of 12,865 shares. Based on an average trading volume of 34,915 shares, the days-to-cover ratio is currently 3.2 days.
Danakali Stock Performance
SBMSF stock remained flat at $0.07 on Wednesday. The stock has a 50 day moving average price of $0.06 and a two-hundred day moving average price of $0.06. Danakali has a fifty-two week low of $0.01 and a fifty-two week high of $0.08.
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 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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