Shares of Defense Metals Corp. (CVE:DEFN – Get Free Report) dropped 6.3% during trading on Thursday. The stock traded as low as C$0.12 and last traded at C$0.12. 300,026 shares were traded during trading, an increase of 0% from the average session volume of 299,952 shares. The stock had previously closed at C$0.13.
Defense Metals Price Performance
The company has a debt-to-equity ratio of 0.34, a current ratio of 1.65 and a quick ratio of 1.04. The stock’s 50 day moving average price is C$0.14 and its two-hundred day moving average price is C$0.17. The firm has a market capitalization of C$45.44 million, a price-to-earnings ratio of -5.75 and a beta of -2.52.
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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