Defense Metals Corp. (OTCMKTS:DFMTF) Sees Significant Increase in Short Interest

Defense Metals Corp. (OTCMKTS:DFMTF) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 133,402 shares. Based on an average daily volume of 114,475 shares, the days-to-cover ratio is currently 1.2 days.

Defense Metals Stock Up 0.9%

DFMTF stock traded up $0.00 on Friday, hitting $0.08. The company’s stock had a trading volume of 150,900 shares, compared to its average volume of 109,669. The firm has a 50 day moving average of $0.09 and a two-hundred day moving average of $0.13. Defense Metals has a 1 year low of $0.06 and a 1 year high of $0.25.

About Defense Metals

Defense Metals Corp. is a Canadian mineral exploration and development company focused on rare earth elements. The company’s principal asset is the Wicheeda Rare Earth Element Project in British Columbia, Canada, which is designed to support the potential production of rare earth products used in a range of industrial and technology applications. The Wicheeda project is a carbonatite-hosted deposit that contains primarily light rare earth elements, including neodymium and praseodymium. Defense Metals has conducted exploration, resource evaluation, metallurgical testing and technical studies intended to assess the project’s development potential and the processing of mineralized material into rare earth concentrates or other intermediate products.