Azimut Exploration Inc. (OTCMKTS:AZMTF) Sees Significant Increase in Short Interest

Azimut Exploration Inc. (OTCMKTS:AZMTF) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 19,807 shares, a growth of 15,873.4% from the December 15th total of 124 shares. Based on an average daily trading volume, of 63,344 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 63,344 shares, the days-to-cover ratio is currently 0.3 days.

Azimut Exploration Trading Up 2.8%

Shares of AZMTF stock traded up $0.02 on Monday, hitting $0.60. The company’s stock had a trading volume of 82,844 shares, compared to its average volume of 25,180. Azimut Exploration has a fifty-two week low of $0.32 and a fifty-two week high of $0.66. The stock’s 50 day moving average is $0.55 and its 200-day moving average is $0.52.

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.