Defense Metals (CVE:DEFN) Stock Price Down 27.8% - Should You Sell?

Key Points

• Defense Metals Corp. share price fell 27.8%, closing at C$0.29 after trading as low as C$0.28 on Wednesday, with trading volume significantly exceeding the average.
• The company has a market cap of C$95.69 million and a negative PE ratio of -14.25, indicating potential financial challenges.
• Defense Metals holds a 100% interest in the Wicheeda project, located in British Columbia, consisting of 9 mineral claims over 4,244 hectares.

Defense Metals Corp. (CVE:DEFN - )'s share price dropped 27.8% during trading on Wednesday . The company traded as low as C$0.28 and last traded at C$0.29. Approximately 4,382,948 shares changed hands during trading, an increase of 1,020% from the average daily volume of 391,316 shares. The stock had previously closed at C$0.40.

Defense Metals Stock Performance

The company has a market cap of C$95.69 million, a PE ratio of -14.25 and a beta of -1.26. 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 business has a 50-day moving average of C$0.22 and a 200 day moving average of C$0.19.

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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