Defense Metals (CVE:DEFN) Stock Price Down 30.4% - Time to Sell?

Key Points

• Defense Metals Corp. (CVE:DEFN) saw its share price plummet by 30.4%, dropping to C$0.28 on Tuesday, following a significant increase in trading volume.
• The company has a market capitalization of C$98.04 million with a negative P/E ratio of -14.60 and a debt-to-equity ratio of 5.98.
• Defense Metals is engaged in exploring and developing mineral properties in Canada, including a 100% interest in the Wicheeda project in British Columbia.

Defense Metals Corp. (CVE:DEFN - )'s share price dropped 30.4% on Tuesday . The stock traded as low as C$0.28 and last traded at C$0.28. Approximately 3,361,128 shares changed hands during trading, an increase of 787% from the average daily volume of 378,877 shares. The stock had previously closed at C$0.40.

Defense Metals Stock Down 26.1%

The company has a market cap of C$98.04 million, a P/E ratio of -14.60 and a beta of -1.26. The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 5.98. The business's 50 day moving average is C$0.22 and its 200 day moving average is 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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