Defense Metals (CVE:DEFN) Stock Price Down 24.1% - Should You Sell?

Key Points

• Defense Metals Corp. (CVE:DEFN) experienced a significant stock price decline of 24.1%, trading as low as C$0.29 during the session.
• The company's debt-to-equity ratio stands at 5.98, indicating a high level of debt relative to equity, which may impact its financial stability.
• Defense Metals has a market cap of C$92.33 million and is focused on the exploration and development of mineral properties in Canada, particularly the Wicheeda project.

Defense Metals Corp. (CVE:DEFN - )'s stock price dropped 24.1% during trading on Tuesday . The company traded as low as C$0.29 and last traded at C$0.30. Approximately 1,172,663 shares changed hands during mid-day trading, an increase of 217% from the average daily volume of 370,138 shares. The stock had previously closed at C$0.40.

Defense Metals Stock Performance

The company has a debt-to-equity ratio of 5.98, a current ratio of 0.43 and a quick ratio of 1.04. The firm's 50 day moving average price is C$0.22 and its 200-day moving average price is C$0.19. The firm has a market cap of C$92.33 million, a price-to-earnings ratio of -13.75 and a beta of -1.26.

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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