Desert Mountain Energy Corp. (OTCMKTS:DMEHF – Get Free Report) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 42,239 shares, a growth of 150.1% from the June 30th total of 16,886 shares. Based on an average daily trading volume, of 195,944 shares, the short-interest ratio is presently 0.2 days.
Desert Mountain Energy Stock Down 6.8%
Shares of OTCMKTS DMEHF opened at $0.14 on Thursday. Desert Mountain Energy has a 12-month low of $0.12 and a 12-month high of $0.45. The stock’s fifty day simple moving average is $0.18 and its two-hundred day simple moving average is $0.22.
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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