Defense Metals Corp. (CVE:DEFN – Get Free Report)’s share price rose 10.5% during mid-day trading on Wednesday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 126,100 shares were traded during trading, a decline of 9% from the average daily volume of 138,918 shares. The stock had previously closed at C$0.10.
Defense Metals Price Performance
The company has a market capitalization of C$27.16 million, a price-to-earnings ratio of -5.25 and a beta of 0.65. The company has a 50-day moving average price of C$0.10 and a 200-day moving average price of C$0.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.04 and a current ratio of 0.63.
About Defense Metals
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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