A Reversal for DESERT MTN ENERGY CORP COMMON SHARES (OTCMKTS:AFQMF) Is Not Near. The Stock Has Rise in Shorts

September 14, 2018 - By Margaret Downey

The stock of DESERT MTN ENERGY CORP COMMON SHARES (OTCMKTS:AFQMF) registered an increase of 51.72% in short interest. AFQMF’s total short interest was 4,400 shares in September as published by FINRA. Its up 51.72% from 2,900 shares, reported previously. With 4,800 shares average volume, it will take short sellers 1 days to cover their AFQMF’s short positions.

It closed at $0.1479 lastly. It is down 0.00% since September 14, 2017 and is . It has underperformed by 15.62% the S&P500.

Desert Mountain Energy Corp., an exploratory resource company, engages in the exploration and development of helium, and gas and oil properties in the Southwestern United States. The company has market cap of $4.27 million. It holds interest in the Yellowjacket gold project located in Atlin, British Columbia. It currently has negative earnings. The firm was formerly known as African Queen Mines Ltd. and changed its name to Desert Mountain Energy Corp. in April 2018.

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