Short Interest in Azimut Exploration Inc. (OTCMKTS:AZMTF) Declines By 70.6%

Azimut Exploration Inc. (OTCMKTS:AZMTF) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 14,204 shares, a decrease of 70.6% from the January 15th total of 48,239 shares. Based on an average daily volume of 154,340 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 154,340 shares, the days-to-cover ratio is presently 0.1 days.

Azimut Exploration Stock Performance

AZMTF stock opened at $0.58 on Wednesday. The firm’s 50-day moving average is $0.62 and its two-hundred day moving average is $0.55. Azimut Exploration has a 52 week low of $0.32 and a 52 week 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.