Defense Metals Corp. (CVE:DEFN – Get Free Report) traded down 10.7% during mid-day trading on Thursday . The company traded as low as C$0.12 and last traded at C$0.12. 454,873 shares were traded during trading, an increase of 34% from the average session volume of 339,501 shares. The stock had previously closed at C$0.14.
Defense Metals Price Performance
The firm has a market cap of C$51.06 million, a P/E ratio of -6.50 and a beta of -2.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 26.44 and a quick ratio of 1.04. The firm’s 50 day moving average is C$0.16 and its 200 day moving average is C$0.21.
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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