Defense Metals Corp. (OTCMKTS:DFMTF – Get Rating) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 28,800 shares, an increase of 14,300.0% from the August 31st total of 200 shares. Based on an average daily volume of 149,900 shares, the short-interest ratio is presently 0.2 days.
Defense Metals Price Performance
Shares of OTCMKTS:DFMTF opened at $0.17 on Thursday. The firm has a 50 day simple moving average of $0.16 and a 200 day simple moving average of $0.18. Defense Metals has a one year low of $0.12 and a one year high of $0.28.
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Defense Metals Corp., engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It has an option to acquire 100% interest in the Wicheeda project consisting of six mining claims covering an area of 4,244 hectares located in British Columbia. The company was formerly known as First Legacy Mining Corp.Further Reading
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