Defense Metals (CVE:DEFN) Trading Up 22.6% - Here's What Happened

Key Points

• Defense Metals Corp. (CVE:DEFN) experienced a stock price increase of 22.6%, closing at C$0.38 after trading as high as C$0.40.
• Trading volume surged by 526% compared to the average session, with 2,262,868 shares changing hands.
• The company holds a 100% interest in the Wicheeda project, covering an area of 4,244 hectares in British Columbia.

Defense Metals Corp. (CVE:DEFN - )'s share price was up 22.6% on Saturday . The company traded as high as C$0.40 and last traded at C$0.38. Approximately 2,262,868 shares traded hands during trading, an increase of 526% from the average daily volume of 361,734 shares. The stock had previously closed at C$0.31.

Defense Metals Stock Up 22.6%

The firm's fifty day moving average is C$0.21 and its 200 day moving average is 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. The stock has a market cap of C$127.59 million, a P/E ratio of -19.00 and a beta of -1.26.

About Defense Metals

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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