Defense Metals Corp. (OTCMKTS:DFMTF – Get Free Report) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 49,631 shares, a growth of ∞ from the June 15th total of 0 shares. Based on an average trading volume of 187,325 shares, the days-to-cover ratio is currently 0.3 days.
Defense Metals Stock Performance
Shares of DFMTF stock opened at $0.10 on Wednesday. The company’s 50-day simple moving average is $0.12 and its two-hundred day simple moving average is $0.16. Defense Metals has a one year low of $0.08 and a one year high of $0.32.
Defense Metals Company Profile
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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