Defense Metals Corp. (OTCMKTS:DFMTF – Get Free Report) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 24,688 shares, a decrease of 50.3% from the June 30th total of 49,631 shares. Based on an average daily volume of 163,373 shares, the short-interest ratio is presently 0.2 days.
Defense Metals Price Performance
Shares of DFMTF traded down $0.00 during midday trading on Tuesday, reaching $0.09. The stock had a trading volume of 19,380 shares, compared to its average volume of 127,167. Defense Metals has a 1-year low of $0.08 and a 1-year high of $0.32. The company’s fifty day simple moving average is $0.11 and its two-hundred day simple moving average is $0.15.
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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