Defense Metals Corp. (CVE:DEFN – Get Free Report)’s stock price fell 13.6% during mid-day trading on Thursday. The stock traded as low as C$0.10 and last traded at C$0.10. 387,291 shares changed hands during trading, an increase of 29% from the average daily volume of 300,817 shares. The stock had previously closed at C$0.11.
Defense Metals Stock 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 business has a 50-day simple moving average of C$0.14 and a 200 day simple moving average of C$0.16. The firm has a market cap of C$37.54 million, a PE ratio of -4.75 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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