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

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

Defense Metals Stock Up 11.4%

The firm has a fifty day simple moving average of C$0.21 and a 200-day simple moving average of C$0.24. The firm has a market cap of C$76.59 million, a price-to-earnings ratio of -9.75 and a beta of -1.76. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 26.44.

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.