Desert Mountain Energy Corp. (OTCMKTS:DMEHF – Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 5,200 shares, a drop of 96.1% from the September 15th total of 131,947 shares. Based on an average daily trading volume, of 132,884 shares, the short-interest ratio is currently 0.0 days.
Desert Mountain Energy Trading Down 2.6%
Desert Mountain Energy stock opened at $0.12 on Friday. The company has a 50 day moving average of $0.13 and a 200-day moving average of $0.19. Desert Mountain Energy has a twelve month low of $0.11 and a twelve month high of $0.45.
Desert Mountain Energy Company Profile
Desert Mountain Energy Corp. is a resource exploration and development company focused primarily on helium. The company has pursued the exploration, appraisal and potential production of helium from subsurface natural-gas formations, with an emphasis on developing a domestic supply for industrial and technology applications.
The company’s principal area of activity has been the Holbrook Basin in northeastern Arizona, where it has acquired exploration rights and conducted drilling and related evaluation work.
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