Defense Metals Corp. (CVE:DEFN – Get Free Report) shares rose 13.2% on Friday . The stock traded as high as C$0.31 and last traded at C$0.30. Approximately 1,610,036 shares were traded during trading, an increase of 273% from the average daily volume of 432,088 shares. The stock had previously closed at C$0.27.
Defense Metals Trading Up 7.5%
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 firm’s 50 day moving average is C$0.24 and its two-hundred day moving average is C$0.20. The stock has a market cap of C$95.69 million, a price-to-earnings ratio of -14.25 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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