Defense Metals (CVE:DEFN) Shares Down 22.5% – What’s Next?

Defense Metals Corp. (CVE:DEFN) shares fell 22.5% during trading on Saturday . The company traded as low as C$0.14 and last traded at C$0.16. 4,005,172 shares traded hands during trading, an increase of 1,766% from the average session volume of 214,669 shares. The stock had previously closed at C$0.20.

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 business has a fifty day simple moving average of C$0.20 and a 200 day simple moving average of C$0.18. The stock has a market capitalization of C$52.04 million, a P/E ratio of -7.75 and a beta of -1.20.

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.