Defense Metals (CVE:DEFN) Trading Up 12.2% - Here's Why

Key Points

• Defense Metals Corp. experienced a significant stock increase of 12.2%, trading as high as C$0.25 during mid-day trading on Wednesday.
• The company's market cap stands at C$77.23 million with a PE ratio of -11.50, indicating negative earnings.
• Defense Metals owns the Wicheeda project in British Columbia, comprising 9 mineral claims over 4,244 hectares, focusing on mineral exploration and development.

Defense Metals Corp. (CVE:DEFN - ) traded up 12.2% during mid-day trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.23. 2,627,924 shares were traded during mid-day trading, an increase of 877% from the average session volume of 269,103 shares. The stock had previously closed at C$0.21.

Defense Metals Trading Up 12.2%

The firm's 50 day moving average is C$0.20 and its 200 day moving average is C$0.18. The company has a market cap of C$77.23 million, a PE ratio of -11.50 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.

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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