Desert Mountain Energy Corp. (OTCMKTS:DMEHF – Get Free Report) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 15,410 shares, a growth of 208.2% from the July 30th total of 5,000 shares. Based on an average daily volume of 196,434 shares, the short-interest ratio is presently 0.1 days.
Desert Mountain Energy Price Performance
OTCMKTS:DMEHF opened at $0.13 on Thursday. The firm has a 50 day simple moving average of $0.15 and a 200-day simple moving average of $0.21. Desert Mountain Energy has a 1-year low of $0.12 and a 1-year high of $0.45.
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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