Defense Metals (CVE:DEFN) Trading 22.6% Higher - Here's What Happened

Key Points

• Defense Metals Corp. shares experienced a significant increase of 22.6%, trading up to C$0.38 after closing at C$0.31, with over 2.2 million shares exchanged.
• The company has a market capitalization of C$127.59 million and a notable debt-to-equity ratio of 5.98.
• Defense Metals is focused on the exploration and development of mineral properties, holding full interest in the Wicheeda project in British Columbia.

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

Defense Metals Stock Up 22.6%

The stock has a market capitalization of C$127.59 million, a P/E ratio of -19.00 and a beta of -1.26. The company's 50-day moving average price is C$0.21 and its 200 day moving average price is C$0.19. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.04 and a current ratio of 0.43.

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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