Defense Metals (CVE:DEFN) Stock Price Down 4.3% – Here’s Why

Defense Metals Corp. (CVE:DEFN) shares traded down 4.3% during trading on Tuesday . The stock traded as low as C$0.22 and last traded at C$0.23. 129,184 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 432,431 shares. The stock had previously closed at C$0.24.

Defense Metals Stock Performance

The firm has a market capitalization of C$84.45 million, a PE ratio of -10.75 and a beta of -2.19. The business has a 50-day simple moving average of C$0.25 and a 200-day simple moving average of C$0.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 26.44 and a quick ratio of 1.04.

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.