Short Interest in Azimut Exploration Inc. (OTCMKTS:AZMTF) Expands By 449.6%

Azimut Exploration Inc. (OTCMKTS:AZMTF) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 9,524 shares, a growth of 449.6% from the May 14th total of 1,733 shares. Based on an average daily trading volume, of 15,392 shares, the days-to-cover ratio is presently 0.6 days.

Azimut Exploration Trading Down 4.1%

Shares of Azimut Exploration stock opened at $0.46 on Thursday. The stock has a 50 day moving average price of $0.51 and a 200-day moving average price of $0.56. Azimut Exploration has a one year low of $0.39 and a one year high of $0.84.

About Azimut Exploration

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.