Defense Metals (CVE:DEFN) Trading Down 15.2% – Here’s Why

Defense Metals Corp. (CVE:DEFN – Get Free Report)’s share price was down 15.2% during trading on Wednesday . The company traded as low as C$0.20 and last traded at C$0.20. Approximately 1,613,178 shares changed hands during mid-day trading, an increase of 267% from the average daily volume of 439,663 shares. The stock had previously closed at C$0.23.

Defense Metals Stock Performance

The firm has a market cap of C$88.09 million, a price-to-earnings ratio of -11.25 and a beta of -1.49. 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 firm has a fifty day simple moving average of C$0.24 and a two-hundred day simple moving average of C$0.21.

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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