Shares of Defense Metals Corp. (CVE:DEFN – Get Free Report) rose 27.3% on Monday . The company traded as high as C$0.22 and last traded at C$0.21. Approximately 279,989 shares traded hands during trading, an increase of 89% from the average daily volume of 148,025 shares. The stock had previously closed at C$0.17.
Defense Metals Stock Up 7.1 %
The firm’s 50 day simple moving average is C$0.11 and its 200-day simple moving average is C$0.13. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63 and a quick ratio of 1.04. The company has a market cap of C$58.19 million, a price-to-earnings ratio of -11.25 and a beta of 0.65.
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.
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