The company has issued more shares over this period, which dilutes each existing shareholder’s stake.
Diluted shares outstanding: 63.8M (2021) → 92.4M (2025)
Desert Mountain Energy Corp. is an enterprise primarily involved in the exploration and development of oil, gas, and various mineral properties. Its operations extend across the United States, Canada, and other international locations. The company possesses an interest in the Holbrook Basin helium project, which covers 65,912 acres in Northern Arizona. Additionally, it oversees the Kight Gilcrease Sand Unit, an oil and gas venture in Oklahoma's Seminole County featuring seven wells across 883.7 acres. The firm has also secured an 8,510-acre parcel in Navajo County, Arizona. Incorporated in 2008, Desert Mountain Energy Corp. was previously known as African Queen Mines Ltd., adopting its current name in April 2018. Its headquarters are located in Vancouver, Canada.
When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.
-83.2% YoY
YoY Growth Rate
Revenue declining
-20.8% YoY
YoY Growth Rate
Earnings declining
C$0/ year
0.0% of revenue
Below sector average (1%)
Research and development spending
~11 months
C$3M cash & investments
Quarterly Free Cash Flow
↑ Burn rate improving
Short runway — potential dilution ahead through share issuance
Desert Mountain Energy has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.
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Negative ROIC means the business is losing money on every dollar invested in it.
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Free cash flow is negative. They are burning cash, not generating it.
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