Shares of Defense Metals Corp. (CVE:DEFN – Get Free Report) traded down 17.5% on Thursday . The company traded as low as C$0.13 and last traded at C$0.13. Approximately 955,876 shares traded hands during trading, an increase of 212% from the average session volume of 306,257 shares. The stock had previously closed at C$0.16.
Defense Metals Trading Down 15.6%
The stock’s fifty day moving average price is C$0.14 and its 200 day moving average price is C$0.18. The company has a quick ratio of 1.04, a current ratio of 1.65 and a debt-to-equity ratio of 0.34. The stock has a market cap of C$53.34 million, a PE ratio of -6.75 and a beta of -2.33.
Defense Metals Company Profile
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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