Danakali Limited (OTCMKTS:SBMSF – Get Free Report) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 12,865 shares, a growth of 88.2% from the April 30th total of 6,834 shares. Based on an average daily volume of 32,563 shares, the days-to-cover ratio is currently 0.4 days.
Danakali Stock Performance
Shares of SBMSF stock opened at $0.05 on Thursday. The business’s 50 day moving average is $0.06 and its two-hundred day moving average is $0.06. Danakali has a twelve month low of $0.01 and a twelve month 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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