Defense Metals (CVE:DEFN) Trading Up 2.3% - Should You Buy?

Key Points

• Defense Metals Corp.'s share price increased by 2.3% on the latest trading session, reaching C$0.23 after trading as high as C$0.24.
• The company has a market cap of C$74.36 million and significant financial metrics, including a debt-to-equity ratio of 5.98 and a price-to-earnings ratio of -11.25.
• Defense Metals engages in the acquisition and exploration of mineral properties in Canada, notably holding a 100% interest in the Wicheeda project in British Columbia.

Defense Metals Corp. (CVE:DEFN - )'s share price was up 2.3% on Tuesday . The company traded as high as C$0.24 and last traded at C$0.23. Approximately 286,351 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 188,495 shares. The stock had previously closed at C$0.22.

Defense Metals Price Performance

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$74.36 million, a price-to-earnings ratio of -11.25 and a beta of -1.45. The stock has a 50-day moving average price of C$0.20 and a two-hundred day moving average price of C$0.18.

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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