Defense Metals Corp. (CVE:DEFN – Get Free Report) shares rose 3.2% on Thursday . The company traded as high as C$0.16 and last traded at C$0.16. Approximately 26,000 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 149,585 shares. The stock had previously closed at C$0.16.
Defense Metals Trading Down 6.3 %
The stock has a market capitalization of C$43.85 million, a PE ratio of -11.34 and a beta of 0.65. The stock’s 50 day moving average price is C$0.16 and its 200-day moving average price is C$0.13. The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 5.98.
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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