Defense Metals Corp. (CVE:DEFN – Get Free Report)’s share price rose 31% on Thursday . The stock traded as high as C$0.21 and last traded at C$0.19. Approximately 1,514,733 shares traded hands during trading, an increase of 893% from the average daily volume of 152,589 shares. The stock had previously closed at C$0.15.
Defense Metals Stock Performance
The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.04 and a current ratio of 0.43. The business has a 50-day moving average price of C$0.15 and a 200 day moving average price of C$0.15. The stock has a market capitalization of C$55.54 million, a P/E ratio of -14.36 and a beta of 0.65.
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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