Defense Metals Corp. (OTCMKTS:DFMTF – Get Free Report) was the recipient of 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 daily trading volume, of 187,325 shares, the short-interest ratio is presently 0.3 days.
Defense Metals Stock Performance
Shares of OTCMKTS DFMTF traded up $0.00 during mid-day trading on Friday, reaching $0.10. 72,768 shares of the company were exchanged, compared to its average volume of 130,488. Defense Metals has a 52 week low of $0.08 and a 52 week high of $0.32. The company’s 50 day moving average price is $0.12 and its 200 day moving average price is $0.16.
About Defense Metals
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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