Desert Mountain Energy Corp. (OTCMKTS:DMEHF – Get Free Report) shares rose 12.5% on Wednesday . The stock traded as high as $0.18 and last traded at $0.18. Approximately 72,327 shares traded hands during trading, an increase of 27% from the average daily volume of 56,766 shares. The stock had previously closed at $0.16.
Desert Mountain Energy Price Performance
The stock’s 50 day simple moving average is $0.19 and its 200-day simple moving average is $0.22.
About Desert Mountain Energy
Desert Mountain Energy Corp. engages in the exploration and development of oil and gas, and mineral properties in the Southwestern United States. It holds interest in the Holbrook Basin helium project located in the Northern Arizona. The company was formerly known as African Queen Mines Ltd. and changed its name to Desert Mountain Energy Corp.
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