Defense Metals Corp. (CVE:DEFN – Get Free Report)’s stock price was down 4.5% on Thursday . The company traded as low as C$0.28 and last traded at C$0.28. Approximately 106,046 shares changed hands during trading, a decline of 75% from the average daily volume of 422,610 shares. The stock had previously closed at C$0.29.
Defense Metals Stock Down 9.7%
The firm’s 50-day moving average price is C$0.23 and its 200 day moving average price is C$0.20. The firm has a market cap of C$87.30 million, a P/E ratio of -13.00 and a beta of -1.49. The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 5.98.
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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