Defense Metals Corp. (CVE:DEFN – Get Free Report) shares dropped 15.2% during trading on Wednesday . The company traded as low as C$0.20 and last traded at C$0.20. Approximately 1,613,178 shares were traded during trading, an increase of 267% from the average daily volume of 439,663 shares. The stock had previously closed at C$0.23.
Defense Metals Price Performance
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 stock’s 50-day moving average price is C$0.24 and its 200 day moving average price is C$0.21. The firm has a market cap of C$65.47 million, a price-to-earnings ratio of -9.75 and a beta of -1.49.
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.
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