Defense Metals Corp. (CVE:DEFN – Get Free Report) shot up 18.5% during mid-day trading on Monday . The company traded as high as C$0.16 and last traded at C$0.16. 141,514 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 139,482 shares. The stock had previously closed at C$0.14.
Defense Metals Stock 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 has a 50 day simple moving average of C$0.16 and a 200 day simple moving average of C$0.14. The company has a market capitalization of C$46.77 million, a price-to-earnings ratio of -12.09 and a beta of 0.65.
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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