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Defense Metals (CVE:DEFN) Trading 44.8% Higher - Here's Why

Defense Metals logo with Basic Materials background

Shares of Defense Metals Corp. (CVE:DEFN - Get Free Report) traded up 44.8% during mid-day trading on Wednesday . The stock traded as high as C$0.21 and last traded at C$0.21. 1,253,650 shares traded hands during trading, an increase of 746% from the average session volume of 148,262 shares. The stock had previously closed at C$0.15.

Defense Metals Stock Performance

The firm has a fifty day moving average of C$0.15 and a 200-day moving average of C$0.15. The stock has a market capitalization of C$55.54 million, a price-to-earnings ratio of -14.36 and a beta of 0.65. The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 5.98.

Defense Metals Company Profile

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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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