Shares of Defense Metals Corp. (CVE:DEFN – Get Free Report) rose 9.7% on Wednesday . The company traded as high as C$0.17 and last traded at C$0.17. Approximately 175,700 shares were traded during trading, an increase of 12% from the average daily volume of 157,330 shares. The stock had previously closed at C$0.16.
Defense Metals Stock Performance
The stock has a 50 day moving average price of C$0.17 and a two-hundred day moving average price of C$0.13. The company has a debt-to-equity ratio of 5.98, a current ratio of 0.43 and a quick ratio of 1.04. The company has a market capitalization of C$52.62 million, a price-to-earnings ratio of -13.61 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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