Defense Metals Corp. (CVE:DEFN – Get Free Report) traded up 22.6% on Friday . The stock traded as high as C$0.40 and last traded at C$0.38. 2,262,868 shares traded hands during trading, an increase of 530% from the average session volume of 359,176 shares. The stock had previously closed at C$0.31.
Defense Metals Stock Up 22.6%
The company has a 50 day simple moving average of C$0.21 and a two-hundred day simple moving average of C$0.19. The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 5.98. The company has a market capitalization of C$127.59 million, a P/E ratio of -19.00 and a beta of -1.26.
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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