Risk factor
Very high price volatility
Profitability factor
Favourable analyst view
About
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. The company was formerly known as African Queen Mines Ltd. and changed its name to Desert Mountain Energy Corp. in April 2018. The company was incorporated in 2008 and is based in Vancouver, Canada.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. Specifically, the stock is 'cheap' on P/E.
Target Price
The average target price of DME.V is 0.50 and suggests 43% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to incre
Buy
Sell