Shares of Defense Metals Corp. (CVE:DEFN – Get Free Report) dropped 27.8% during trading on Wednesday . The company traded as low as C$0.28 and last traded at C$0.29. Approximately 4,382,948 shares were traded during mid-day trading, an increase of 1,020% from the average daily volume of 391,316 shares. The stock had previously closed at C$0.40.
Defense Metals Price Performance
The firm has a market capitalization of C$95.69 million, a price-to-earnings ratio of -14.25 and a beta of -1.26. 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 50-day moving average price of C$0.22 and a two-hundred day moving average price of C$0.19.
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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