Desert Mountain Energy Corp. (OTCMKTS:DMEHF – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 5,000 shares, a drop of 81.7% from the April 30th total of 27,359 shares. Based on an average daily volume of 479,166 shares, the days-to-cover ratio is presently 0.0 days.
Desert Mountain Energy Stock Down 1.6%
Desert Mountain Energy stock traded down $0.00 during mid-day trading on Friday, hitting $0.21. 97,363 shares of the stock were exchanged, compared to its average volume of 265,758. Desert Mountain Energy has a 12 month low of $0.12 and a 12 month high of $0.45. The firm’s fifty day simple moving average is $0.28 and its two-hundred day simple moving average is $0.23.
About Desert Mountain Energy
Desert Mountain Energy Ltd (OTCMKTS:DMEHF) is an exploration and development company focused on unlocking lithium and geothermal resources in key basins of the western United States. With a strategic emphasis on sustainable technology and resource optimization, Desert Mountain Energy targets the growing demand for battery-grade lithium, a critical component in electric vehicles and renewable energy storage, as well as geothermal power generation.
The company holds exploration and development leases across multiple Nevada projects, including Clayton Valley, home to North America’s only producing lithium brine operation, as well as the Big Smoky and Fish Lake Valley basins.
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