Defense Metals (CVE:DEFN) Shares Down 4.4% - Here's What Happened

Shares of Defense Metals Corp. (CVE:DEFN - Get Free Report) dropped 4.4% on Friday . The stock traded as low as C$0.22 and last traded at C$0.22. Approximately 464,793 shares traded hands during trading, an increase of 165% from the average daily volume of 175,335 shares. The stock had previously closed at C$0.23.

Defense Metals Trading Down 4.4%

The company has a fifty day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.17. The stock has a market capitalization of C$62.85 million, a P/E ratio of -16.25 and a beta of 0.65. The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 5.98.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.