Defense Metals Corp. (OTCMKTS:DFMTF – Get Free Report) saw 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 trading volume of 146,473 shares, the days-to-cover ratio is presently 0.3 days.
Defense Metals Stock Performance
Defense Metals stock opened at $0.10 on Friday. The company has a 50-day simple moving average of $0.10 and a 200-day simple moving average of $0.14. Defense Metals has a one year low of $0.08 and a one year high of $0.32.
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.
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