Shares of Defense Metals Corp. (CVE:DEFN – Get Free Report) hit a new 52-week low during trading on Friday. The company traded as low as C$0.12 and last traded at C$0.12, with a volume of 280497 shares. The stock had previously closed at C$0.13.
Defense Metals Stock Down 10.2%
The firm has a 50 day moving average price of C$0.14 and a two-hundred day moving average price of C$0.17. The company has a quick ratio of 1.04, a current ratio of 1.65 and a debt-to-equity ratio of 0.34. The company has a market capitalization of C$45.44 million, a price-to-earnings ratio of -5.75 and a beta of -2.52.
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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