Defense Metals (CVE:DEFN) Stock Price Down 22.5% - What's Next?

Key Points

• Defense Metals Corp. stock experienced a significant decline of 22.5%, trading as low as C$0.14 before closing at C$0.16.
• The trading volume surged to 4,005,172 shares, representing an increase of 1,766% compared to the average session volume.
• Defense Metals holds a market capitalization of C$52.04 million and has a PE ratio of -7.75, indicating financial challenges amidst its exploration activities in Canada.

Defense Metals Corp. (CVE:DEFN - ) 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 changed 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 Trading Down 22.5%

The company has a market capitalization of C$52.04 million, a PE ratio of -7.75 and a beta of -1.20. The firm's 50 day simple moving average is C$0.20 and its 200-day simple moving average is C$0.18. The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 5.98.

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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