Short Interest in Defense Metals Corp. (OTCMKTS:DFMTF) Expands By 91.2%

Defense Metals Corp. (OTCMKTS:DFMTFGet Free Report) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 76,100 shares, an increase of 91.2% from the December 15th total of 39,800 shares. Based on an average daily trading volume, of 415,000 shares, the days-to-cover ratio is presently 0.2 days.

Defense Metals Price Performance

Shares of DFMTF stock traded up $0.00 on Tuesday, hitting $0.13. The stock had a trading volume of 104,554 shares, compared to its average volume of 111,443. The stock’s 50 day moving average is $0.09 and its 200-day moving average is $0.09. Defense Metals has a 52-week low of $0.05 and a 52-week high of $0.20.

About Defense Metals

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Defense Metals Corp. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It holds 100% interest in the Wicheeda Project consisting of 6 claims covering an area of 8,301 hectares located in British Columbia. The company was formerly known as First Legacy Mining Corp.

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