Defense Metals Corp. (OTCMKTS:DFMTF) Sees Significant Decline in Short Interest

Defense Metals Corp. (OTCMKTS:DFMTF) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 25,700 shares, a decrease of 65.0% from the February 28th total of 73,400 shares. Based on an average trading volume of 343,000 shares, the days-to-cover ratio is presently 0.1 days.

Defense Metals Stock Down 0.7 %

Shares of OTCMKTS:DFMTF traded down $0.00 on Friday, hitting $0.11. The stock had a trading volume of 43,071 shares, compared to its average volume of 123,750. The firm’s 50 day moving average price is $0.12 and its 200-day moving average price is $0.10. Defense Metals has a twelve month low of $0.05 and a twelve month high of $0.18.

Defense Metals Company Profile

Defense Metals Corp. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It holds 100% interest in the Wicheeda Project consisting of 6 claims covering an area of 8,301 hectares located in British Columbia. The company was formerly known as First Legacy Mining Corp.