Defense Metals (CVE:DEFN) Shares Down 25.3% - Time to Sell?

Key Points

• Defense Metals shares fell by 25.3% on Tuesday, closing at C$0.30 after trading as low as C$0.28.
• The company's market capitalization stands at C$95.69 million, with a PE ratio of -14.25 and significant trading volume increased by 862% compared to its average session.
• Defense Metals holds a 100% interest in the Wicheeda project in British Columbia, which comprises 9 mineral claims across 4,244 hectares.

Defense Metals Corp. (CVE:DEFN - )'s share price traded down 25.3% on Tuesday . The company traded as low as C$0.28 and last traded at C$0.30. 3,715,423 shares were traded during trading, an increase of 862% from the average session volume of 386,286 shares. The stock had previously closed at C$0.40.

Defense Metals Stock Performance

The firm has a market capitalization of C$95.69 million, a PE ratio of -14.25 and a beta of -1.26. The firm's 50 day moving average price is C$0.22 and its 200-day moving average price is C$0.19. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.04 and a current ratio of 0.43.

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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