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Defense Metals (CVE:DEFN) Sets New 12-Month High - Here's Why

Defense Metals logo with Basic Materials background

Key Points

  • Defense Metals Corp. reached a new 12-month high, trading at C$0.44, with a recent last trade of C$0.38 and a trading volume of over 1.9 million shares.
  • The company has a market capitalization of C$132.63 million, a debt-to-equity ratio of 5.98, and a negative PE ratio of -19.75.
  • Defense Metals owns 100% interest in the Wicheeda project in British Columbia, consisting of 9 mineral claims spanning over 4,244 hectares.
  • Five stocks we like better than Defense Metals.

Defense Metals Corp. (CVE:DEFN - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as C$0.44 and last traded at C$0.38, with a volume of 1943154 shares changing hands. The stock had previously closed at C$0.38.

Defense Metals Stock Up 3.9%

The business has a fifty day moving average of C$0.21 and a 200 day moving average of C$0.19. The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 5.98. The company has a market capitalization of C$132.63 million, a PE ratio of -19.75 and a beta of -1.26.

About Defense Metals

(Get Free Report)

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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