Shares of Defense Metals Corp. (CVE:DEFN – Get Free Report) shot up 5.7% during trading on Friday . The company traded as high as C$0.28 and last traded at C$0.28. 760,710 shares changed hands during mid-day trading, an increase of 79% from the average session volume of 424,976 shares. The stock had previously closed at C$0.27.
Defense Metals Price Performance
The company has a debt-to-equity ratio of 5.98, a current ratio of 0.43 and a quick ratio of 1.04. The business’s 50 day moving average price is C$0.24 and its 200 day moving average price is C$0.20. The stock has a market capitalization of C$94.01 million, a P/E ratio of -14.00 and a beta of -1.49.
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.
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