Defense Metals (CVE:DEFN) Stock Price Down 27.8% - Time to Sell?

Key Points

• Defense Metals Corp. (CVE:DEFN) shares fell 27.8% on Wednesday, trading as low as C$0.28 before closing at C$0.29.
• The company experienced an extraordinary 1,020% increase in trading volume, with 4,382,948 shares exchanged compared to the average session volume of 391,316 shares.
• Defense Metals has a market capitalization of C$95.69 million and significant financial ratios, including a P/E ratio of -14.25 and a debt-to-equity ratio of 5.98.

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

Defense Metals Stock Down 27.8%

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 company has a market capitalization of C$95.69 million, a price-to-earnings ratio of -14.25 and a beta of -1.26. The firm has a 50-day moving average price of C$0.22 and a two-hundred day moving average price of C$0.19.

About Defense Metals

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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