Defense Metals (CVE:DEFN) Trading 1.8% Higher – Here’s What Happened

Defense Metals Corp. (CVE:DEFN) was up 1.8% on Thursday . The company traded as high as C$0.30 and last traded at C$0.29. Approximately 297,194 shares traded hands during trading, a decline of 19% from the average daily volume of 366,136 shares. The stock had previously closed at C$0.29.

Defense Metals Stock Up 1.8%

The stock has a market cap of C$113.75 million, a P/E ratio of -29.00 and a beta of -1.86. The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 5.98. The stock’s 50-day moving average is C$0.25 and its 200-day moving average is C$0.23.

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.