Desert Mountain Energy Corp. (OTCMKTS:DMEHF – Get Free Report) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 5,000 shares, a decrease of 78.1% from the May 31st total of 22,868 shares. Based on an average daily volume of 137,657 shares, the short-interest ratio is presently 0.0 days.
Desert Mountain Energy Stock Down 2.9%
OTCMKTS DMEHF opened at $0.16 on Friday. Desert Mountain Energy has a one year low of $0.12 and a one year high of $0.45. The company has a 50-day simple moving average of $0.22 and a 200-day simple moving average of $0.22.
About Desert Mountain Energy
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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