Geodrill Limited (OTCMKTS:GEODF – Get Free Report) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 5,112 shares, a decline of 64.6% from the September 30th total of 14,456 shares. Based on an average daily trading volume, of 4,629 shares, the short-interest ratio is presently 1.1 days.
Geodrill Stock Up 0.4%
Geodrill stock opened at $2.00 on Friday. The firm’s fifty day moving average price is $1.91 and its two-hundred day moving average price is $2.15. Geodrill has a 1-year low of $1.65 and a 1-year high of $3.14.
Geodrill Company Profile
Geodrill Limited is a drilling services company that provides exploration and production drilling for the mining industry. The company works with mining companies and exploration clients to support the discovery, evaluation and development of mineral deposits.
Its services include reverse-circulation, diamond-core, rotary air-blast, air-core and grade-control drilling, along with specialized drilling solutions for challenging geological conditions. Geodrill operates a fleet of drilling rigs and related equipment designed for surface and, in some markets, underground applications.
Founded in 1998, Geodrill has built a presence in West Africa and other international mining regions.
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