Free Trial

Defense Metals (CVE:DEFN) Trading 31% Higher - Here's Why

Defense Metals logo with Basic Materials background

Defense Metals Corp. (CVE:DEFN - Get Free Report)'s stock price traded up 31% during trading on Wednesday . The company traded as high as C$0.21 and last traded at C$0.19. 1,514,733 shares were traded during mid-day trading, an increase of 893% from the average session volume of 152,589 shares. The stock had previously closed at C$0.15.

Defense Metals Stock Performance

The company's 50-day moving average price is C$0.15 and its two-hundred day moving average price is C$0.15. The company has a market capitalization of C$55.54 million, a price-to-earnings ratio of -14.36 and a beta of 0.65. 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

(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.

See Also

Should You Invest $1,000 in Defense Metals Right Now?

Before you consider Defense Metals, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Defense Metals wasn't on the list.

While Defense Metals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Best Cheap Stocks to Buy Now Cover

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Congress Is Pouring Millions Into These 6 Surprising Stocks
3 Dirt-Cheap Stocks in a Market That’s Getting Expensive
Top 3 Defense Stocks to Profit From $175 Billion Golden Dome

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines