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Defense Metals (CVE:DEFN) Trading Up 41.4% - Time to Buy?

Defense Metals logo with Basic Materials background

Defense Metals Corp. (CVE:DEFN - Get Free Report)'s share price shot up 41.4% during trading on Wednesday . The stock traded as high as C$0.21 and last traded at C$0.21. 1,452,783 shares traded hands during mid-day trading, an increase of 862% from the average session volume of 151,051 shares. The stock had previously closed at C$0.15.

Defense Metals Stock Performance

The company has a market capitalization of C$55.54 million, a PE ratio of -14.36 and a beta of 0.65. 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 stock's fifty day simple moving average is C$0.15 and its 200-day simple moving average is C$0.15.

Defense Metals Company Profile

(Get Free Report)

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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