Defense Metals (CVE:DEFN) Stock Price Down 3.2% – What’s Next?

Defense Metals Corp. (CVE:DEFNGet Free Report) shares dropped 3.2% during mid-day trading on Thursday . The stock traded as low as C$0.15 and last traded at C$0.15. Approximately 193,000 shares changed hands during trading, a decline of 11% from the average daily volume of 217,447 shares. The stock had previously closed at C$0.16.

Defense Metals Stock Performance

The firm has a fifty day moving average of C$0.14 and a 200-day moving average of C$0.13. The company has a quick ratio of 1.04, a current ratio of 0.63 and a debt-to-equity ratio of 0.26. The firm has a market cap of C$38.79 million, a P/E ratio of -7.50 and a beta of 0.65.

Defense Metals Company Profile

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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.

Further Reading

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