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Defense Metals (CVE:DEFN) Trading Down 27.8% - Time to Sell?

Defense Metals logo with Basic Materials background

Key Points

  • Defense Metals Corp. (CVE:DEFN) shares fell by 27.8% to C$0.29 during mid-day trading, significantly below its previous close of C$0.40.
  • The stock experienced a trading volume surge of 1,020% compared to its average daily volume, with approximately 4.38 million shares traded.
  • Defense Metals has a market cap of C$95.69 million and a high debt-to-equity ratio of 5.98, indicating potential financial instability.
  • Five stocks to consider instead of Defense Metals.

Defense Metals Corp. (CVE:DEFN - Get Free Report) shares dropped 27.8% during mid-day trading on Tuesday . The stock traded as low as C$0.28 and last traded at C$0.29. Approximately 4,382,948 shares were traded 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 Trading Down 27.8%

The company has a market cap of C$95.69 million, a price-to-earnings ratio of -14.25 and a beta of -1.26. The company has a debt-to-equity ratio of 5.98, a current ratio of 0.43 and a quick ratio of 1.04. The firm's fifty day moving average price is C$0.22 and its 200-day moving average price is 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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