Defense Metals (CVE:DEFN) Trading 27.3% Higher - Here's Why

Shares of Defense Metals Corp. (CVE:DEFN - Get Free Report) shot up 27.3% during trading on Monday . The company traded as high as C$0.22 and last traded at C$0.21. 279,989 shares changed hands during mid-day trading, an increase of 89% from the average session volume of 148,025 shares. The stock had previously closed at C$0.17.

Defense Metals Trading Up 27.3 %

The business's 50 day moving average price is C$0.11 and its two-hundred day moving average price is C$0.13. The company has a market capitalization of C$54.31 million, a price-to-earnings ratio of -10.50 and a beta of 0.65. The company has a current ratio of 0.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.26.

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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