Defense Metals (CVE:DEFN) Shares Down 22.5% - Should You Sell?

Key Points

• Defense Metals Corp. (CVE:DEFN) experienced a significant stock price drop of 22.5%, trading as low as C$0.14 compared to its previous close of C$0.20.
• The company's trading volume increased dramatically, with over 4 million shares changing hands, marking a 1,766% rise from the average session volume.
• Defense Metals has a debt-to-equity ratio of 5.98 and a market capitalization of C$52.04 million, reflecting its financial challenges.

Shares of Defense Metals Corp. (CVE:DEFN - ) traded down 22.5% during trading on Friday . The stock traded as low as C$0.14 and last traded at C$0.16. 4,005,172 shares traded hands during trading, an increase of 1,766% from the average session volume of 214,669 shares. The stock had previously closed at C$0.20.

Defense Metals Stock Down 22.5%

The company has a debt-to-equity ratio of 5.98, a current ratio of 0.43 and a quick ratio of 1.04. The firm's 50-day moving average price is C$0.20 and its 200 day moving average price is C$0.18. The firm has a market cap of C$52.04 million, a P/E ratio of -7.75 and a beta of -1.20.

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.

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