Defense Metals Corp. (OTCMKTS:DFMTF – Get Free Report) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 24,688 shares, a drop of 50.3% from the June 30th total of 49,631 shares. Based on an average daily trading volume, of 163,373 shares, the days-to-cover ratio is currently 0.2 days.
Defense Metals Stock Performance
DFMTF opened at $0.09 on Wednesday. Defense Metals has a 1-year low of $0.08 and a 1-year high of $0.32. The company’s fifty day moving average price is $0.11 and its two-hundred day moving average price is $0.15.
About Defense Metals
Defense Metals Corp. is a Canadian mineral exploration company focused on the identification and development of rare earth element (REE) resources. Headquartered in Vancouver, British Columbia, the company is listed on the OTC Markets under the symbol DFMTF and on the TSX Venture Exchange under DEFN. Its principal objective is to advance its flagship Wicheeda Rare Earth Element Project toward production, targeting REEs that are critical for the manufacturing of permanent magnets, electric vehicles, wind turbines and advanced defense applications.
The Wicheeda project is located approximately 55 kilometres northeast of Prince George in central British Columbia.
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