Defense Metals (CVE:DEFN) Stock Price Up 22.6% - Time to Buy?

Key Points

• Defense Metals Corp. saw its stock price increase by 22.6%, trading as high as C$0.40 after closing at C$0.31.
• During the trading session, approximately 2.26 million shares were traded, marking a significant increase of 526% from its average daily volume.
• The company holds a 100% interest in the Wicheeda project, which comprises 9 mineral claims over an area of 4,244 hectares in British Columbia.

Defense Metals Corp. (CVE:DEFN - )'s share price rose 22.6% during mid-day trading on Friday . The stock traded as high as C$0.40 and last traded at C$0.38. Approximately 2,262,868 shares changed hands 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 Trading Up 22.6%

The company has a debt-to-equity ratio of 5.98, a current ratio of 0.43 and a quick ratio of 1.04. The business's 50-day moving average price is C$0.21 and its two-hundred day moving average price is C$0.19. The firm has a market cap of C$127.59 million, a price-to-earnings ratio of -19.00 and a beta of -1.26.

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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