Defense Metals Corp. (OTCMKTS:DFMTF – Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 49,579 shares, an increase of 100.8% from the July 15th total of 24,688 shares. Based on an average daily volume of 146,473 shares, the days-to-cover ratio is currently 0.3 days.
Defense Metals Price Performance
Shares of OTCMKTS:DFMTF opened at $0.10 on Friday. Defense Metals has a 1-year low of $0.08 and a 1-year high of $0.32. The company’s fifty day moving average is $0.10 and its two-hundred day moving average is $0.14.
About Defense Metals
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.
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