Defense Metals (CVE:DEFN) Trading Up 22.6% – Here’s What Happened

Defense Metals Corp. (CVE:DEFN)’s share price was up 22.6% during mid-day trading on Thursday . The stock traded as high as C$0.19 and last traded at C$0.19. Approximately 640,389 shares were traded during mid-day trading, an increase of 279% from the average daily volume of 168,778 shares. The stock had previously closed at C$0.16.

Defense Metals Stock Down 5.3 %

The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 5.98. The company has a market capitalization of C$52.62 million, a P/E ratio of -13.61 and a beta of 0.65. The firm has a fifty day simple moving average of C$0.17 and a 200-day simple moving average of C$0.13.

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.