Shares of Defense Metals Corp. (CVE:DEFN – Get Free Report) traded down 17.5% during mid-day trading on Thursday . The company traded as low as C$0.13 and last traded at C$0.13. 955,876 shares changed hands during trading, an increase of 212% from the average session volume of 306,257 shares. The stock had previously closed at C$0.16.
Defense Metals Trading Down 15.6%
The company has a debt-to-equity ratio of 0.34, a current ratio of 1.65 and a quick ratio of 1.04. The firm has a market capitalization of C$53.34 million, a PE ratio of -6.75 and a beta of -2.33. The firm’s fifty day moving average is C$0.14 and its two-hundred day moving average is C$0.18.
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. 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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