Defense Metals Corp. (CVE:DEFN – Get Free Report) shot up 7.1% during mid-day trading on Friday . The stock traded as high as C$0.15 and last traded at C$0.15. 180,624 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 355,875 shares. The stock had previously closed at C$0.14.
Defense Metals Trading Up 7.1%
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 company has a market cap of C$58.92 million, a price-to-earnings ratio of -7.50 and a beta of -2.25. The business’s fifty day moving average price is C$0.17 and its 200 day moving average price is C$0.22.
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. and changed its name to Defense Metals Corp. in December 2018. Defense Metals Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.
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