Defense Metals (CVE:DEFN) Stock Price Up 22.6% - Still a Buy?

Key Points

• Defense Metals Corp. (CVE:DEFN) experienced a significant stock price increase of 22.6%, rising from C$0.31 to C$0.38 with approximately 2.26 million shares traded, marking a 526% increase in trading volume.
• The company maintains a quick ratio of 1.04, a current ratio of 0.43, and a notable debt-to-equity ratio of 5.98, indicating potential financial risk.
• Defense Metals owns the Wicheeda project, which comprises 9 mineral claims over an area of 4,244 hectares located in British Columbia, and focuses on exploration and development of mineral properties in Canada.

Defense Metals Corp. (CVE:DEFN - )'s stock price rose 22.6% on Saturday . The stock traded as high as C$0.40 and last traded at C$0.38. Approximately 2,262,868 shares were traded during trading, an increase of 526% from the average daily volume of 361,734 shares. The stock had previously closed at C$0.31.

Defense Metals Stock Up 22.6%

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 firm has a 50-day moving average of C$0.21 and a two-hundred day moving average of C$0.19. The stock has a market capitalization of C$127.59 million, a price-to-earnings ratio of -19.00 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.

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