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Defense Metals (CVE:DEFN) Shares Down 22.5% - Here's Why

Written by MarketBeat
September 21, 2025
Defense Metals logo with Basic Materials background

Key Points

  • Defense Metals Corp. experienced a significant stock drop of 22.5%, trading as low as C$0.14 before closing at C$0.16.
  • The company's trading volume surged to 4,005,172 shares, a 1,766% increase compared to its average session volume.
  • Defense Metals has a market capitalization of C$52.04 million, with key financial metrics including a price-to-earnings ratio of -7.75 and a debt-to-equity ratio of 5.98.
  • Interested in Defense Metals? Here are five stocks we like better.

Defense Metals Corp. (CVE:DEFN - Get Free Report) shares traded down 22.5% on Saturday . The company traded as low as C$0.14 and last traded at C$0.16. 4,005,172 shares were traded during mid-day trading, an increase of 1,766% from the average session volume of 214,669 shares. The stock had previously closed at C$0.20.

Defense Metals Trading Down 22.5%

The business has a 50 day moving average of C$0.20 and a two-hundred day moving average of C$0.18. The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 5.98. The firm has a market cap of C$52.04 million, a P/E ratio of -7.75 and a beta of -1.20.

Defense Metals Company Profile

(Get Free Report)

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.

See Also

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