Defense Metals Corp. (CVE:DEFN – Get Free Report) shares fell 15.2% on Wednesday . The stock traded as low as C$0.20 and last traded at C$0.20. 1,613,178 shares changed hands during mid-day trading, an increase of 267% from the average session volume of 438,988 shares. The stock had previously closed at C$0.23.
Defense Metals Stock Up 2.3%
The firm has a 50-day moving average price of C$0.24 and a 200 day moving average price of C$0.21. The company has a market cap of C$88.09 million, a price-to-earnings ratio of -11.25 and a beta of -1.49. The company has a debt-to-equity ratio of 5.98, a current ratio of 0.43 and a quick ratio of 1.04.
About Defense Metals
Defense Metals Corp. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It has 100% interest in the Wicheeda project consisting of 9 mineral claims covering an area of 4,244 hectares located in British Columbia. The company was formerly known as First Legacy Mining Corp.
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