Defense Metals Corp. (OTCMKTS:DFMTF – Get Free Report) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 31,560 shares, a drop of 63.0% from the August 31st total of 85,310 shares. Based on an average daily volume of 98,037 shares, the short-interest ratio is currently 0.3 days.
Defense Metals Stock Performance
Defense Metals stock opened at $0.09 on Tuesday. The stock has a fifty day moving average price of $0.10 and a 200 day moving average price of $0.13. Defense Metals has a 52 week low of $0.08 and a 52 week high of $0.32.
Defense Metals Company Profile
Defense Metals Corp. is a Canadian mineral exploration and development company focused on rare earth elements and other strategic minerals. The company’s primary asset is the Wicheeda Rare Earth Element (REE) Project in British Columbia, Canada.
The Wicheeda Project is being evaluated for its potential to produce rare earth products, including light rare earth elements used in permanent magnets, electric vehicles, wind turbines, electronics and other advanced technologies. Defense Metals has conducted exploration, metallurgical testing and technical studies to assess the project’s development potential.
Defense Metals is a development-stage company and is not currently described as a commercial rare earth producer.
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