Defense Metals (CVE:DEFN) Stock Price Down 4.7% - Here's What Happened

Key Points

• Shares fell 4.7% to C$0.21 on Tuesday, with about 214,255 shares traded—a 44% decline from the average daily volume and down from a C$0.22 close.
• The company has a market cap of C$80.52 million, a negative P/E (‑10.25), 50/200‑day moving averages of C$0.23/C$0.25, and low leverage (debt‑to‑equity 0.04) but an unusually high current ratio (26.44).
• Defense Metals is an exploration firm that holds 100% of the Wicheeda project (4,244 hectares) in British Columbia and is headquartered in Vancouver.

Defense Metals Corp. (CVE:DEFN - ) shares were down 4.7% during trading on Tuesday . The company traded as low as C$0.21 and last traded at C$0.21. Approximately 214,255 shares changed hands during trading, a decline of 44% from the average daily volume of 382,083 shares. The stock had previously closed at C$0.22.

Defense Metals Price Performance

The stock has a 50-day moving average price of C$0.23 and a 200 day moving average price of C$0.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 26.44 and a quick ratio of 1.04. The firm has a market cap of C$80.52 million, a price-to-earnings ratio of -10.25 and a beta of -1.76.

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. and changed its name to Defense Metals Corp. in December 2018. Defense Metals Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.

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