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

Azimut Exploration Inc. (OTCMKTS:AZMTF) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 24 shares, a decrease of 99.6% from the June 30th total of 5,930 shares. Based on an average trading volume of 21,810 shares, the days-to-cover ratio is currently 0.0 days.

Azimut Exploration Price Performance

Shares of AZMTF stock traded down $0.02 during trading hours on Friday, hitting $0.40. 18,200 shares of the company’s stock traded hands, compared to its average volume of 25,005. The stock’s 50 day simple moving average is $0.46 and its 200 day simple moving average is $0.53. Azimut Exploration has a 12 month low of $0.39 and a 12 month high of $0.84.

About Azimut Exploration

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.