Defense Metals (CVE:DEFN) Sets New 12-Month Low – Should You Sell?

Defense Metals Corp. (CVE:DEFNGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.12 and last traded at C$0.13, with a volume of 239350 shares traded. The stock had previously closed at C$0.12.

Defense Metals Price Performance

The stock has a market cap of C$55.00 million, a P/E ratio of -7.00 and a beta of -2.30. The company has a 50 day simple moving average of C$0.15 and a 200 day simple moving average of C$0.20. The company has a current ratio of 6.85, a quick ratio of 1.04 and a debt-to-equity ratio of 0.02.

Defense Metals Company Profile

(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.

Further Reading

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