Defense Metals (CVE:DEFN) Stock Price Up 5.3% – Still a Buy?

Shares of Defense Metals Corp. (CVE:DEFN) shot up 5.3% on Friday. The stock traded as high as C$0.10 and last traded at C$0.10. 884,314 shares were traded during mid-day trading, an increase of 191% from the average daily volume of 304,252 shares. The stock had previously closed at C$0.10.

Defense Metals Stock Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.65 and a quick ratio of 1.04. The stock has a fifty day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.16. The firm has a market capitalization of C$41.49 million, a P/E ratio of -5.25 and a beta of -2.52.

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. and changed its name to Defense Metals Corp. in December 2018. Defense Metals Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.