Defense Metals (CVE:DEFN) Stock Price Down 22.5% - Should You Sell?

Key Points

• Defense Metals Corp. shares fell by 22.5% on Friday, trading as low as C$0.14 after closing at C$0.20.
• Approximately 4 million shares were traded during that day, representing a 1766% increase in trading volume compared to its average.
• The company's market cap stands at C$52.04 million, with a P/E ratio of -7.75 and a high debt-to-equity ratio of 5.98.

Defense Metals Corp. (CVE:DEFN - Get Free Report)'s share price was down 22.5% on Friday . The company traded as low as C$0.14 and last traded at C$0.16. Approximately 4,005,172 shares were traded during trading, an increase of 1,766% from the average daily volume of 214,669 shares. The stock had previously closed at C$0.20.

Defense Metals Trading Down 22.5%

The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 5.98. The stock has a market capitalization of C$52.04 million, a price-to-earnings ratio of -7.75 and a beta of -1.20. The firm has a 50-day moving average of C$0.20 and a 200 day moving average of C$0.18.

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.