Defense Metals (CVE:DEFN) Stock Price Down 8.9% - Should You Sell?

Key Points

• Defense Metals Corp. saw its stock price decline by 8.9% during mid-day trading, with shares trading at C$0.21 after previously closing at C$0.23.
• Approximately 633,277 shares were traded during this period, surpassing the average daily volume by 244%.
• The company has a market capitalization of C$59.92 million and is primarily focused on the acquisition and development of mineral properties, including the Wicheeda project in British Columbia.

Defense Metals Corp. (CVE:DEFN - )'s share price dropped 8.9% during mid-day trading on Monday . The stock traded as low as C$0.20 and last traded at C$0.21. Approximately 633,277 shares changed hands during mid-day trading, an increase of 244% from the average daily volume of 184,331 shares. The stock had previously closed at C$0.23.

Defense Metals Price Performance

The company has a 50 day moving average price of C$0.19 and a 200-day moving average price of C$0.17. 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 company has a market cap of C$59.92 million, a price-to-earnings ratio of -15.50 and a beta of 0.65.

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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