Defense Metals Corp. (CVE:DEFN – Get Free Report) shares shot up 22.6% during mid-day trading on Thursday . The stock traded as high as C$0.19 and last traded at C$0.19. 640,389 shares traded hands during trading, an increase of 279% from the average session volume of 168,778 shares. The stock had previously closed at C$0.16.
Defense Metals Price Performance
The firm has a market cap of C$52.62 million, a price-to-earnings ratio of -13.61 and a beta of 0.65. The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 5.98. The company’s 50-day moving average price is C$0.17 and its 200-day moving average price is C$0.13.
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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