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Defense Metals (CVE:DEFN) Trading Down 27.8% - Here's Why

Defense Metals logo with Basic Materials background

Key Points

  • The share price of Defense Metals Corp. (CVE:DEFN) fell by 27.8% to C$0.29, with trading volume increasing by 1,020% from the average daily volume.
  • The company's current ratio is 0.43, and it has a high debt-to-equity ratio of 5.98, indicating potential financial stress.
  • Defense Metals holds a 100% interest in the Wicheeda project, which encompasses 9 mineral claims in British Columbia covering over 4,244 hectares.
  • Five stocks to consider instead of Defense Metals.

Defense Metals Corp. (CVE:DEFN - Get Free Report)'s share price was down 27.8% during trading on Tuesday . The stock traded as low as C$0.28 and last traded at C$0.29. Approximately 4,382,948 shares changed hands during trading, an increase of 1,020% from the average daily volume of 391,316 shares. The stock had previously closed at C$0.40.

Defense Metals Price Performance

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 has a market capitalization of C$95.69 million, a P/E ratio of -14.25 and a beta of -1.26. The firm has a 50-day moving average price of C$0.22 and a 200 day moving average price of C$0.19.

About Defense Metals

(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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