Defense Metals (CVE:DEFN) Shares Up 11.4% – Here’s What Happened

Shares of Defense Metals Corp. (CVE:DEFN) were up 11.4% on Friday . The stock traded as high as C$0.20 and last traded at C$0.20. Approximately 322,848 shares changed hands during trading, a decline of 13% from the average daily volume of 372,854 shares. The stock had previously closed at C$0.18.

Defense Metals Stock Up 11.4%

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 cap of C$76.59 million, a P/E ratio of -9.75 and a beta of -1.76. The firm has a 50-day simple moving average of C$0.21 and a two-hundred day simple moving average of C$0.24.

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.