Defense Metals (CVE:DEFN) Shares Up 22.6% - Should You Buy?

Key Points

• Defense Metals Corp. (CVE:DEFN) saw its shares rise by 22.6% on Saturday, reaching a last traded price of C$0.38 after previously closing at C$0.31.
• Trading volume for Defense Metals increased significantly, with 2,262,868 shares exchanged, marking a 526% increase from the average daily volume.
• The company, engaged in mineral exploration in Canada, holds a 100% interest in the Wicheeda project, covering 4,244 hectares in British Columbia.

Defense Metals Corp. (CVE:DEFN - )'s share price was up 22.6% on Saturday . The stock traded as high as C$0.40 and last traded at C$0.38. Approximately 2,262,868 shares were traded during trading, an increase of 526% from the average daily volume of 361,734 shares. The stock had previously closed at C$0.31.

Defense Metals Price Performance

The firm has a 50-day moving average of C$0.21 and a 200-day moving average of C$0.19. The firm has a market capitalization of C$127.59 million, a P/E ratio of -19.00 and a beta of -1.26. 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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