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Defense Metals (CVE:DEFN) Shares Up 24.2% - Here's Why

Defense Metals logo with Basic Materials background

Shares of Defense Metals Corp. (CVE:DEFN - Get Free Report) traded up 24.2% during trading on Monday . The stock traded as high as C$0.21 and last traded at C$0.21. 256,911 shares were traded during trading, an increase of 74% from the average session volume of 147,632 shares. The stock had previously closed at C$0.17.

Defense Metals Stock Performance

The company has a quick ratio of 1.04, a current ratio of 0.63 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of C$0.11 and a two-hundred day moving average price of C$0.13. The stock has a market cap of C$54.31 million, a P/E ratio of -10.50 and a beta of 0.65.

Defense Metals Company Profile

(Get Free Report)

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.

Further Reading

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