Defense Metals (CVE:DEFN) Trading Up 1.8% – Here’s What Happened

Defense Metals Corp. (CVE:DEFNGet Free Report) shot up 1.8% during mid-day trading on Thursday . The company traded as high as C$0.30 and last traded at C$0.29. 297,194 shares were traded during trading, a decline of 19% from the average session volume of 366,136 shares. The stock had previously closed at C$0.29.

Defense Metals Stock Up 1.8%

The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.04 and a current ratio of 0.43. The company has a market cap of C$113.75 million, a P/E ratio of -29.00 and a beta of -1.86. The stock has a 50 day moving average price of C$0.25 and a 200 day moving average price of C$0.23.

About Defense Metals

(Get Free Report)

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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