Defense Metals (CVE:DEFN) Trading Down 2.1%

Defense Metals Corp. (CVE:DEFN)’s stock price dropped 2.1% during mid-day trading on Wednesday . The stock traded as low as C$0.23 and last traded at C$0.23. Approximately 75,020 shares were traded during trading, a decline of 54% from the average daily volume of 164,439 shares. The stock had previously closed at C$0.24.

Defense Metals Price Performance

The company has a market cap of C$59.48 million, a P/E ratio of -11.50 and a beta of 0.62. The company has a 50 day moving average of C$0.23 and a 200-day moving average of C$0.21.

Insider Activity at Defense Metals

In other Defense Metals news, Director Andrew Burgess sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of C$0.26, for a total transaction of C$26,000.00. 3.46% of the stock is owned by corporate insiders.

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.