Defense Metals (CVE:DEFN) Shares Up 6.5% - Should You Buy?

Shares of Defense Metals Corp. (CVE:DEFN - Get Free Report) shot up 6.5% during trading on Thursday . The company traded as high as C$0.26 and last traded at C$0.25. 461,421 shares were traded during trading, an increase of 172% from the average session volume of 169,609 shares. The stock had previously closed at C$0.23.

Defense Metals Stock Down 2.2%

The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.04 and a current ratio of 0.43. The stock's 50-day moving average price is C$0.18 and its two-hundred day moving average price is C$0.17. The stock has a market capitalization of C$65.77 million, a PE ratio of -17.01 and a beta of 0.65.

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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