Desert Mountain Energy Corp. (OTCMKTS:DMEHF – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 5,200 shares, a decline of 96.1% from the September 15th total of 131,947 shares. Based on an average daily volume of 132,884 shares, the short-interest ratio is currently 0.0 days.
Desert Mountain Energy Trading Down 2.6%
Shares of OTCMKTS:DMEHF traded down $0.00 during trading on Friday, reaching $0.12. The stock had a trading volume of 166,434 shares, compared to its average volume of 182,741. Desert Mountain Energy has a 52 week low of $0.11 and a 52 week high of $0.45. The firm’s fifty day moving average is $0.13 and its 200 day moving average is $0.19.
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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