Defense Metals (CVE:DEFN) Sets New 1-Year High - What's Next?

Key Points

• Defense Metals Corp. (CVE:DEFN) reached a new 52-week high at C$0.26 during trading, closing at C$0.23 with a volume of over 2.5 million shares exchanged.
• The company has a market capitalization of C$77.23 million and operates with a debt-to-equity ratio of 5.98, indicating significant leverage.
• Defense Metals focuses on the acquisition and exploration of mineral properties in Canada, notably holding 100% interest in the Wicheeda project in British Columbia.

Defense Metals Corp. (CVE:DEFN - ) reached a new 52-week high during trading on Thursday . The stock traded as high as C$0.26 and last traded at C$0.23, with a volume of 2502817 shares changing hands. The stock had previously closed at C$0.24.

Defense Metals Price Performance

The company's fifty day moving average price is C$0.20 and its 200 day moving average price is C$0.18. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.04 and a current ratio of 0.43. The firm has a market capitalization of C$77.23 million, a price-to-earnings ratio of -11.50 and a beta of -1.26.

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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