Short Interest in Azimut Exploration Inc. (OTCMKTS:AZMTF) Declines By 72.4%

Azimut Exploration Inc. (OTCMKTS:AZMTF) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 2,700 shares, a drop of 72.4% from the November 30th total of 9,800 shares. Based on an average daily volume of 13,400 shares, the days-to-cover ratio is currently 0.2 days.

Azimut Exploration Price Performance

Shares of Azimut Exploration stock remained flat at $0.41 during trading hours on Friday. Azimut Exploration has a 1 year low of $0.30 and a 1 year high of $0.75. The business’s 50-day moving average is $0.46 and its two-hundred day moving average is $0.41.

About Azimut Exploration

Azimut Exploration Inc engages in the acquisition, exploration, and evaluation of mineral properties in Canada. The company explores for copper, gold, base metals, chromium, nickel, diamond, tellurium, bismuth, tungsten, tin, molybdenum, rhenium, indium, rare earth elements, uranium, zinc, silver, cobalt, and platinum group elements.