Defense Metals (CVE:DEFN) Trading Down 22.5% - Should You Sell?

Key Points

• Defense Metals Corp. (CVE:DEFN) saw its stock price drop by 22.5%, falling to C$0.16 from the previous close of C$0.20.
• The trading volume surged by 1,766% compared to its average, with over 4 million shares exchanged during this substantial decline.
• The company holds a market capitalization of C$52.04 million and a debt-to-equity ratio of 5.98, indicating significant levels of debt relative to equity.

Defense Metals Corp. (CVE:DEFN - Get Free Report)'s share price dropped 22.5% on Saturday . The company traded as low as C$0.14 and last traded at C$0.16. Approximately 4,005,172 shares changed hands during trading, an increase of 1,766% from the average daily volume of 214,669 shares. The stock had previously closed at C$0.20.

Defense Metals Trading Up 6.1%

The business's 50-day moving average is C$0.20 and its two-hundred day moving average is 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 stock has a market capitalization of C$58.76 million, a PE ratio of -8.75 and a beta of -1.20.

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.