Defense Metals Corp. (CVE:DEFN – Get Free Report) shares rose 6.9% during mid-day trading on Thursday . The company traded as high as C$0.17 and last traded at C$0.16. Approximately 252,200 shares were traded during trading, an increase of 65% from the average daily volume of 152,583 shares. The stock had previously closed at C$0.15.
Defense Metals Stock Performance
The firm has a market capitalization of C$45.31 million, a price-to-earnings ratio of -11.72 and a beta of 0.65. The firm’s 50 day simple moving average is C$0.16 and its 200 day simple moving average is C$0.14. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.04 and a current ratio of 0.43.
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.
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