Defense Metals (CVE:DEFN) Stock Price Up 3.2% – Should You Buy?

Defense Metals Corp. (CVE:DEFNGet Free Report)’s share price shot up 3.2% during trading on Thursday . The company traded as high as C$0.16 and last traded at C$0.16. 26,000 shares were traded during mid-day trading, a decline of 83% from the average session volume of 149,585 shares. The stock had previously closed at C$0.16.

Defense Metals Stock Up 3.2 %

The firm has a market cap of C$46.77 million, a PE ratio of -12.09 and a beta of 0.65. 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 business has a fifty day moving average price of C$0.16 and a two-hundred day moving average price of C$0.13.

About Defense Metals

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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.

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