Desert Mountain Energy Corp. (OTCMKTS:DMEHF – Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 12,044 shares, an increase of 131.6% from the September 30th total of 5,200 shares. Based on an average trading volume of 243,531 shares, the short-interest ratio is currently 0.0 days.
Desert Mountain Energy Stock Performance
Shares of DMEHF traded down $0.00 during mid-day trading on Friday, reaching $0.15. The company’s stock had a trading volume of 44,465 shares, compared to its average volume of 179,005. Desert Mountain Energy has a 1-year low of $0.09 and a 1-year high of $0.45. The business has a 50-day simple moving average of $0.13 and a two-hundred day simple moving average of $0.19.
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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