Defense Metals (CVE:DEFN) Shares Up 4.8% – Here’s What Happened

Defense Metals Corp. (CVE:DEFN) shares rose 4.8% during mid-day trading on Tuesday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 113,450 shares traded hands during trading, a decline of 71% from the average daily volume of 394,588 shares. The stock had previously closed at C$0.21.

Defense Metals Trading Up 4.8%

The company has a debt-to-equity ratio of 0.04, a current ratio of 26.44 and a quick ratio of 1.04. The stock has a market cap of C$86.41 million, a price-to-earnings ratio of -11.00 and a beta of -1.53. The company’s fifty day moving average price is C$0.24 and its 200-day moving average price is C$0.25.

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.