Azimut Exploration Inc. (OTCMKTS:AZMTF) Short Interest Up 7,120.8% in May

Azimut Exploration Inc. (OTCMKTS:AZMTF) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,733 shares, an increase of 7,120.8% from the April 30th total of 24 shares. Based on an average daily trading volume, of 15,425 shares, the short-interest ratio is currently 0.1 days.

Azimut Exploration Price Performance

Azimut Exploration stock opened at $0.50 on Thursday. The firm has a 50 day moving average of $0.51 and a 200 day moving average of $0.56. Azimut Exploration has a 12-month low of $0.39 and a 12-month high of $0.84.

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.