Defense Metals (CVE:DEFN) Hits New 1-Year Low – Time to Sell?

Defense Metals Corp. (CVE:DEFNGet Free Report)’s share price reached a new 52-week low on Thursday . The company traded as low as C$0.12 and last traded at C$0.12, with a volume of 181679 shares trading hands. The stock had previously closed at C$0.12.

Defense Metals Stock Down 4.0%

The firm’s 50 day simple moving average is C$0.16 and its 200-day simple moving average is C$0.21. The company has a current ratio of 26.44, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of C$47.13 million, a price-to-earnings ratio of -6.00 and a beta of -2.25.

About Defense Metals

(Get Free Report)

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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