Defense Metals (CVE:DEFN) Stock Price Up 31% - Time to Buy?

Defense Metals Corp. (CVE:DEFN - Get Free Report)'s stock price shot up 31% on Wednesday . The stock traded as high as C$0.21 and last traded at C$0.19. 1,514,733 shares traded hands during trading, an increase of 893% from the average session volume of 152,589 shares. The stock had previously closed at C$0.15.

Defense Metals Trading Up 31.0%

The business has a 50-day moving average price of C$0.15 and a 200-day moving average price of C$0.15. 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 market capitalization of C$55.54 million, a P/E ratio of -14.36 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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