Defense Metals (CVE:DEFN) Stock Price Up 17.1% - Should You Buy?

Key Points

• Defense Metals Corp. (CVE:DEFN) experienced a significant share price increase of 17.1%, reaching C$0.24 during mid-day trading on Tuesday, compared to its previous close of C$0.21.
• The trading volume surged to approximately 1,525,158 shares, which is an increase of 482% from the average daily volume of 262,084 shares.
• Defense Metals has a debt-to-equity ratio of 5.98 and operates 100% of the Wicheeda project, which encompasses 4,244 hectares in British Columbia.

Defense Metals Corp. (CVE:DEFN - )'s share price rose 17.1% during mid-day trading on Tuesday . The stock traded as high as C$0.25 and last traded at C$0.24. Approximately 1,525,158 shares were traded during mid-day trading, an increase of 482% from the average daily volume of 262,084 shares. The stock had previously closed at C$0.21.

Defense Metals Trading Up 7.3%

The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.04 and a current ratio of 0.43. The company's 50 day moving average is C$0.20 and its 200 day moving average is C$0.18. The stock has a market capitalization of C$73.87 million, a price-to-earnings ratio of -11.00 and a beta of -1.26.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.