Shares of Defense Metals Corp. (CVE:DEFN – Get Free Report) traded up 6.7% during mid-day trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.24. 155,602 shares traded hands during trading, a decline of 65% from the average session volume of 439,671 shares. The stock had previously closed at C$0.23.
Defense Metals Trading Up 6.7%
The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.04 and a current ratio of 0.43. The stock has a market capitalization of C$94.13 million, a price-to-earnings ratio of -24.00 and a beta of -1.52. The business has a fifty day simple moving average of C$0.26 and a 200 day simple moving average of C$0.22.
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. and changed its name to Defense Metals Corp. in December 2018. Defense Metals Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.
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