Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Sees Significant Drop in Short Interest

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 5,900 shares, a decrease of 50.8% from the March 15th total of 12,000 shares. Based on an average daily volume of 77,600 shares, the short-interest ratio is presently 0.1 days.

Desert Mountain Energy Price Performance

OTCMKTS:DMEHF traded down 0.00 on Thursday, hitting 0.19. The company had a trading volume of 70,700 shares, compared to its average volume of 52,884. The firm has a 50 day moving average of 0.19 and a two-hundred day moving average of 0.24. Desert Mountain Energy has a 52 week low of 0.17 and a 52 week high of 1.30.

About Desert Mountain Energy

Desert Mountain Energy Corp. engages in the exploration and development of oil and gas, and mineral properties in the United States, Canada, and internationally. It holds interest in the Holbrook Basin helium project covering an area of 74,421 acres located in the Eastern Arizona. The company was formerly known as African Queen Mines Ltd.