Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Short Interest Up 236.3% in December

by · The Markets Daily

Desert Mountain Energy Corp. (OTCMKTS:DMEHF – Get Free Report) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 79,700 shares, an increase of 236.3% from the November 30th total of 23,700 shares. Based on an average trading volume of 167,600 shares, the short-interest ratio is currently 0.5 days.

Desert Mountain Energy Stock Up 3.2 %

DMEHF stock traded up $0.01 during mid-day trading on Thursday, reaching $0.21. 88,133 shares of the company traded hands, compared to its average volume of 44,482. The company has a fifty day moving average price of $0.21 and a 200-day moving average price of $0.22. Desert Mountain Energy has a 52-week low of $0.16 and a 52-week high of $0.33.

Desert Mountain Energy Company Profile

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Desert Mountain Energy Corp. engages in the exploration and development of oil and gas, and mineral properties in the Southwestern United States. It holds interest in the Holbrook Basin helium project located in the Northern Arizona. The company was formerly known as African Queen Mines Ltd. and changed its name to Desert Mountain Energy Corp.

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