Defense Metals (CVE:DEFN) Trading Down 4.4% - What's Next?

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

Defense Metals Trading Down 4.9%

The company has a market cap of C$57.00 million, a P/E ratio of -14.74 and a beta of 0.65. The business has a fifty day moving average price of C$0.18 and a 200-day moving average price of C$0.17. 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.