Defense Metals Corp. (OTCMKTS:DFMTF – Get Rating) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 56,800 shares, a decline of 32.1% from the October 15th total of 83,700 shares. Based on an average trading volume of 203,900 shares, the short-interest ratio is presently 0.3 days.
Defense Metals Stock Performance
Shares of OTCMKTS DFMTF traded down $0.01 during mid-day trading on Monday, reaching $0.17. 147,662 shares of the company were exchanged, compared to its average volume of 80,343. Defense Metals has a 52 week low of $0.12 and a 52 week high of $0.28. The company's 50 day moving average price is $0.18 and its 200 day moving average price is $0.17.
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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.See Also
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