Desert Mountain Energy Corp. (OTCMKTS:DMEHF – Get Free Report) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 12,044 shares, a growth of 131.6% from the September 30th total of 5,200 shares. Based on an average daily volume of 243,531 shares, the days-to-cover ratio is currently 0.0 days.
Desert Mountain Energy Stock Down 4.3%
Shares of OTCMKTS DMEHF opened at $0.14 on Friday. The stock’s fifty day moving average price is $0.13 and its two-hundred day moving average price is $0.19. Desert Mountain Energy has a one year low of $0.09 and a one year high of $0.45.
Desert Mountain Energy Company Profile
Desert Mountain Energy Corp. is a Canadian exploration and development company focused on helium and other industrial gases. Its activities center on identifying, evaluating, and developing subsurface gas resources for potential commercial production, with an emphasis on helium used in medical imaging, semiconductor manufacturing, aerospace, and other specialized applications.
The company’s principal area of operations is the Holbrook Basin in Arizona, where it has assembled mineral rights and leases and conducted geological, geophysical, and drilling programs.
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