Short Interest in Azimut Exploration Inc. (OTCMKTS:AZMTF) Drops By 96.8%

Azimut Exploration Inc. (OTCMKTS:AZMTF) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 174 shares, a drop of 96.8% from the July 30th total of 5,480 shares. Based on an average trading volume of 25,451 shares, the short-interest ratio is currently 0.0 days.

Azimut Exploration Stock Performance

Shares of Azimut Exploration stock remained flat at $0.46 on Tuesday. 25,800 shares of the stock were exchanged, compared to its average volume of 26,160. The business has a 50-day simple moving average of $0.43 and a 200 day simple moving average of $0.49. Azimut Exploration has a twelve month low of $0.36 and a twelve month high of $0.84.

Azimut Exploration Company Profile

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.