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Defense Metals (CVE:DEFN) Trading Down 22.5% - Here's What Happened

Written by MarketBeat
Updated September 23, 2025
Defense Metals logo with Basic Materials background

Key Points

  • Defense Metals Corp. (CVE:DEFN) experienced a significant stock price drop of 22.5%, trading as low as C$0.14 during mid-day trading.
  • The company reported a market cap of C$52.04 million, a P/E ratio of -7.75, and a high debt-to-equity ratio of 5.98.
  • Defense Metals specializes in the acquisition and development of mineral properties in Canada, holding a 100% interest in the Wicheeda project in British Columbia.
  • Five stocks we like better than Defense Metals.

Defense Metals Corp. (CVE:DEFN - Get Free Report) shares fell 22.5% during mid-day trading on Friday . The stock traded as low as C$0.14 and last traded at C$0.16. 4,005,172 shares traded hands during 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 Stock Up 6.1%

The firm has a market capitalization of C$58.76 million, a PE ratio of -8.75 and a beta of -1.20. The company has a fifty day moving average price of C$0.20 and a 200-day moving average price of C$0.18. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.04 and a current ratio of 0.43.

About Defense Metals

(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.

Further Reading

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