Defense Metals (CVE:DEFN) Shares Climb 5.3% – Still a Buy?

Defense Metals Corp. (CVE:DEFN)’s share price was up 5.3% on Friday. The company traded as high as C$0.10 and last traded at C$0.10. Approximately 884,314 shares were traded during mid-day trading, an increase of 191% from the average daily volume of 304,252 shares. The stock had previously closed at C$0.10.

Defense Metals Trading Up 10.5%

The business’s 50 day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.16. The stock has a market cap of C$41.49 million, a P/E ratio of -5.25 and a beta of -2.52. The company has a quick ratio of 1.04, a current ratio of 1.65 and a debt-to-equity ratio of 0.34.

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.