Defense Metals Corp. (CVE:DEFN – Get Free Report)’s share price rose 15% during mid-day trading on Monday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 129,008 shares changed hands during trading, a decline of 10% from the average daily volume of 143,450 shares. The stock had previously closed at C$0.10.
Defense Metals Stock Performance
The stock has a market capitalization of C$37.50 million, a P/E ratio of -7.25 and a beta of 0.65. The stock’s 50-day simple moving average is C$0.10 and its 200 day simple moving average is C$0.13. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63 and a quick ratio of 1.04.
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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