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Home CompaniesDesert Mountain Energy Corp

Desert Mountain Energy Corp

Energy Oil & Gas E&P
PortfolioPortfolio WatchlistWatchlist
Company price
0.165 CAD -0.01 ( 2.94%)
Last update at 2026-11-05T17:33:00Z
VOLUME
144000
Market Cap
34.58M

Momentum Score

…

Desert Mountain Energy Corp. engages in the acquisition, exploration, and development of oil and gas, helium, natural gas, hydrogen, 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. in April 2018. Desert Mountain Energy Corp. was incorporated in 2008 and is based in Okmulgee, Oklahoma.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.17
Low
0.17
High
52 Week Price Range
0.17
Low
0.61
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Public information on Desert Mountain Energy Corp (DME.V) is limited; it appears to be a junior oil and gas exploration and production company listed on the TSX Venture Exchange with a focus on onshore resource opportunities in North America. Major long-term growth drivers may include successful appraisal and development of discovered resources, expansion of production volumes and higher commodity prices, which could support reserve value and revenue growth and may attract investors seeking upstream energy exposure at a small-cap scale.
Primary investment risks include high sensitivity to oil and gas price swings, a limited operating track record and scale, ongoing need for external financing to fund exploration and development, and regulatory or environmental permitting uncertainty.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.17
Dividend Yield
-
Revenue TTM
0.31M
Revenue Per Share
0.00
Gross Profit TTM
-0.35M
Debt / Equity
-
ROE
-3.77%
Net Debt
-2.09M
ROCE
-5.47%
Diluted EPS TTM
-0.01

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Income before tax -2.30M -4.58M -11.59M -7.53M -7.90M
Net income -2.30M -4.58M -11.59M -9.14M -8.78M
Selling general administrative 1.61M 3.83M 4.84M 5.84M 6.60M
Selling and marketing expenses - - 0.75M 0.78M 0.41M
Gross profit -0.15M -0.41M 0.36M 0.24M -0.01M
Reconciled depreciation 0.12M 0.27M 0.41M 0.16M 0.01M
Ebit - - -6.89M -5.78M -6.12M
Ebitda - - -6.38M -5.62M -6.12M
Depreciation and amortization - - 0.51M 0.16M 0.01M
Operating income -2.74M -5.35M -6.89M -5.78M -6.12M
Other operating expenses - - 8.63M 7.17M 7.01M
Interest expense - - - 0.14M 0.00M
Tax provision - - - - 0.00M
Interest income 0.30M 0.50M 0.79M 0.14M 0.00M
Net interest income 0.30M 0.50M 0.79M 0.14M 0.00M
Income tax expense - - 0.00M 1.61M 0.89M
Total revenue 0.38M 0.86M 1.74M 0.44M 0.00M
Total operating expenses 3.12M 6.21M 7.24M 6.97M 7.01M
Cost of revenue 0.53M 1.27M 1.39M 0.20M 0.01M
Total other income expense net 0.14M 0.27M -4.70M -1.75M -1.77M
Net income from continuing ops -2.30M -4.58M -11.59M -7.53M -7.90M
Net income applicable to common shares - - - -7.53M -7.90M
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Total assets 50.57M 50.53M 59.45M 40.02M 34.52M
Other current assets - - 0.64M - -
Total liab 3.20M 3.30M 8.68M 2.71M 0.67M
Total stockholder equity 47.37M 47.23M 50.77M 37.31M 33.85M
Other current liab - - 0.04M 0.02M 0.01M
Common stock - - 80.78M 61.60M 54.34M
Capital stock 81.56M 80.78M 80.78M 61.60M 54.34M
Retained earnings -54.94M -52.64M -48.06M -36.47M -28.94M
Other liab - - - 0.35M 0.15M
Other assets - - 0.00M 1.17M 0.06M
Cash 0.27M 1.18M 2.09M 12.23M 26.61M
Total current liabilities 0.43M 0.44M 0.96M 2.35M 0.52M
Net debt - - -2.09M - -
Other stockholder equity - - - 12.19M 8.46M
Property plant equipment - - - 25.49M 7.31M
Total current assets 0.63M 1.74M 13.57M 13.36M 27.14M
Long term investments 0.20M 0.16M 0.10M 0.07M 0.06M
Net tangible assets - - - 37.32M 33.84M
Short term investments - - 10.00M 0.29M 0.20M
Net receivables 0.08M 0.30M 0.84M 0.41M 0.02M
Accounts payable 0.43M 0.42M 0.92M 2.32M 0.50M
Accumulated other comprehensive income - - 18.05M - -
Non currrent assets other 0.82M 0.78M 19.64M - -
Non current assets total 49.93M 48.79M 45.88M 26.66M 7.38M
Breakdown 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Type yearly yearly yearly yearly yearly
Date 2025-09-30 2024-09-30 2023-09-30 2022-09-30 2021-09-30
Investments - -0.06M -16.88M -17.86M -4.18M
Change to liabilities - - - 0.14M 0.13M
Total cashflows from investing activities - - - -17.86M -4.18M
Total cash from financing activities 0.89M 0.00M 21.43M 7.00M 22.31M
Change to operating activities - - - -0.12M -0.19M
Net income -2.30M -4.58M -11.59M -7.53M -7.90M
Change in cash -0.91M -10.91M -10.14M -14.38M 16.53M
Begin period cash flow 1.18M 12.09M 12.23M 26.61M 10.09M
End period cash flow 0.27M 1.18M 2.09M 12.23M 26.61M
Total cash from operating activities -2.04M -2.63M -4.70M -3.52M -1.60M
Issuance of capital stock 0.89M 0.00M 21.15M 5.42M 4.00M
Depreciation 0.11M 0.13M 0.51M 0.16M 0.01M
Change to inventory - - - 0.39M 0.01M
Change to account receivables - - -0.59M -0.39M -0.01M
Other cashflows from financing activities - - -16.88M 1.58M 18.31M
Change to netincome - - - 4.23M 5.75M
Capital expenditures 0.54M 7.09M 13.25M 10.09M 4.18M
Change in working capital 0.28M 0.90M -0.59M -0.37M -0.07M
Stock based compensation 0.00M 1.01M 1.83M 3.45M 5.44M
Other non cash items -0.13M 0.05M 8.40M 0.76M 0.92M
Free cash flow -2.59M -9.71M -17.95M -13.61M -5.79M

Peer Comparison*

Sector: Energy Industry: Oil & Gas E&P

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
DME
Desert Mountain Energy Corp		 -0.01
2.94%		 0.17 - 4.00 112.88 0.77 117.75 -77.22
LGN
Logan Energy Corp		 -0.02
1.32%		 1.49 15.00 14.99 3.80 1.96 3.98 5.87
RECO
Reconnaissance Energy Africa Ltd		 -
-%		 0.50 - - 10.07 2.29 11.64 -7.57
CEI
Benchmark Metals Inc		 -
-%		 0.67 - 27.03 23.27 2.66 20.42 1369.65
EOG
Eco Atlantic Oil & Gas Ltd		 -0.01
1.25%		 0.79 - 1.05 145.60 16.68 158.20 -25.23

Profile*

Desert Mountain Energy Corp

Desert Mountain Energy Corp. engages in the acquisition, exploration, and development of oil and gas, helium, natural gas, hydrogen, 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. in April 2018. Desert Mountain Energy Corp. was incorporated in 2008 and is based in Okmulgee, Oklahoma.

201 N Wood Dr, Okmulgee, OK, United States, 74447

604 617 5448

https://www.desertmountainenergy.com

Name Title Year Born
Mr. Robert Rohlfing CEO & Exec. Chairman NA
Mr. Donald Aubrey Mosher Pres & Director 1957
Mr. Scott C. Davis C.A., CPA, CA, CGA, CPA Chief Financial Officer 1979
Dr. James Cronoble VP of Exploration & Director NA
Ms. Jessica Davey VP of Land & Director NA
Mr. Ched Wetz VP of Risk Management, Ethics & Compliance NA
Lee Dunston Marketing Director NA
Dr. Andrew E. Moore MBA, Ph.D. VP of Diamond Exploration & Sr. Geologist NA
Dr. Reinhard Ramdohr Ph.D. Sr. Exploration Geologist NA
Ms. Frances Murphy Corp. Sec. NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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