Risk factor
Very high price volatility
Profitability factor
Very favourable analyst view
About
Desert Mountain Energy Corp. (DME.V) is an enterprise dedicated to the exploration and development of oil, natural gas, and various mineral properties. Its operational footprint extends across the United States, Canada, and internationally. Among its key assets is the Holbrook Basin helium project, encompassing 65,912 acres in Northern Arizona. The company also holds an interest in the Kight Gilcrease Sand Unit, an oil and gas initiative in Seminole County, Oklahoma, which features seven wells spread over 883.7 acres. Furthermore, DME has acquired an additional 8,510 acres within Navajo County, Arizona. Established in 2008, the company is headquartered in Vancouver, Canada, and underwent a name change from African Queen Mines Ltd. to Desert Mountain Energy Corp. in April 2018.
Company Valuation
Considering past and projected metrics, the stock is slightly 'cheaper' than its peers. Specifically, the stock is 'cheap' on P/E.
Target Price
The average target price of DME.V is 0.50 and suggests 85% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to incre