Short Interest in Defense Metals Corp. (OTCMKTS:DFMTF) Grows By ?

Defense Metals Corp. (OTCMKTS:DFMTF) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 49,631 shares, an increase of ? from the June 15th total of 0 shares. Based on an average daily volume of 187,325 shares, the days-to-cover ratio is presently 0.3 days.

Defense Metals Stock Down 1.5%

Shares of OTCMKTS:DFMTF opened at $0.10 on Wednesday. Defense Metals has a 1 year low of $0.08 and a 1 year high of $0.32. The business’s 50 day moving average price is $0.12 and its 200-day moving average price is $0.16.

Defense Metals Company Profile

Defense Metals Corp. is a Canadian mineral exploration company focused on the identification and development of rare earth element (REE) resources. Headquartered in Vancouver, British Columbia, the company is listed on the OTC Markets under the symbol DFMTF and on the TSX Venture Exchange under DEFN. Its principal objective is to advance its flagship Wicheeda Rare Earth Element Project toward production, targeting REEs that are critical for the manufacturing of permanent magnets, electric vehicles, wind turbines and advanced defense applications.

The Wicheeda project is located approximately 55 kilometres northeast of Prince George in central British Columbia.