Desert Mountain Energy Corp. (OTCMKTS:DMEHF – Get Free Report) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 22,868 shares, an increase of 357.4% from the May 14th total of 5,000 shares. Based on an average daily volume of 196,672 shares, the short-interest ratio is presently 0.1 days.
Desert Mountain Energy Stock Down 5.3%
OTCMKTS:DMEHF traded down $0.01 during trading hours on Friday, reaching $0.19. 78,948 shares of the company’s stock were exchanged, compared to its average volume of 248,085. The company has a 50-day moving average of $0.25 and a 200 day moving average of $0.23. Desert Mountain Energy has a 1-year low of $0.12 and a 1-year high of $0.45.
Desert Mountain Energy Company Profile
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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