Short Interest in Azimut Exploration Inc. (OTCMKTS:AZMTF) Drops By 99.9%

Azimut Exploration Inc. (OTCMKTS:AZMTF) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 24 shares, a decline of 99.9% from the April 15th total of 17,524 shares. Based on an average daily volume of 20,145 shares, the days-to-cover ratio is currently 0.0 days.

Azimut Exploration Trading Up 3.5%

AZMTF stock traded up $0.02 during midday trading on Monday, reaching $0.52. 5,200 shares of the stock were exchanged, compared to its average volume of 31,884. Azimut Exploration has a 52 week low of $0.39 and a 52 week high of $0.84. The company has a fifty day moving average price of $0.52 and a 200 day moving average price of $0.56.

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.