Shares of Defense Metals Corp. (CVE:DEFN – Get Free Report) traded down 10.7% during mid-day trading on Thursday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 454,873 shares changed hands during mid-day trading, an increase of 34% from the average daily volume of 339,501 shares. The stock had previously closed at C$0.14.
Defense Metals Stock Down 10.7%
The stock has a 50-day moving average of C$0.16 and a 200 day moving average of C$0.21. The company has a market capitalization of C$49.10 million, a PE ratio of -6.25 and a beta of -2.25. The company has a quick ratio of 1.04, a current ratio of 26.44 and a debt-to-equity ratio of 0.04.
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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