Desert Mountain Energy Corp. (OTCMKTS:DMEHF – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 131,947 shares, an increase of 1,506.6% from the August 31st total of 8,213 shares. Based on an average daily trading volume, of 189,538 shares, the days-to-cover ratio is presently 0.7 days.
Desert Mountain Energy Trading Down 4.9%
Shares of OTCMKTS:DMEHF opened at $0.13 on Friday. Desert Mountain Energy has a one year low of $0.11 and a one year high of $0.45. The business’s 50-day simple moving average is $0.14 and its 200 day simple moving average is $0.20.
Desert Mountain Energy Company Profile
Desert Mountain Energy Corp. is a resource exploration and development company focused primarily on helium. The company has pursued the exploration, appraisal and potential production of helium from subsurface natural-gas formations, with an emphasis on developing a domestic supply for industrial and technology applications.
The company’s principal area of activity has been the Holbrook Basin in northeastern Arizona, where it has acquired exploration rights and conducted drilling and related evaluation work.
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