Desert Mountain Energy (OTCMKTS:DMEHF) Trading Down 4.6%

Desert Mountain Energy Corp. (OTCMKTS:DMEHF – Get Rating)’s share price was down 4.6% during trading on Tuesday . The stock traded as low as 2.45 and last traded at 2.50. Approximately 43,700 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 58,762 shares. The stock had previously closed at 2.62.

The company has a 50 day moving average of 2.69 and a 200 day moving average of 2.07.

Desert Mountain Energy Company Profile (OTCMKTS:DMEHF)

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 65,912 acres located in the Northern Arizona; the Kight Gilcrease Sand Unit oil and gas project comprising 7 wells covering an area of 883.7 acres located in the Seminole County, Oklahoma; and has acquired 8,510 acres in Navajo County, Arizona.

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