Defense Metals (CVE:DEFN) Trading Down 27.8% - What's Next?

Key Points

• Defense Metals Corp. (CVE:DEFN) experienced a significant drop of 27.8% in trading on Tuesday, with shares falling to C$0.29 from a previous close of C$0.40.
• Trading volume surged to approximately 4.38 million shares, marking an increase of 1,020% compared to the average daily volume.
• The company's market cap is currently C$95.69 million and it has a considerable debt-to-equity ratio of 5.98, indicating a high level of leverage.

Defense Metals Corp. (CVE:DEFN - ) dropped 27.8% on Tuesday . The company traded as low as C$0.28 and last traded at C$0.29. Approximately 4,382,948 shares were traded during mid-day 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 stock 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 50 day simple moving average of C$0.22 and a 200-day simple moving average of C$0.19. The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 5.98.

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.

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