Defense Metals (CVE:DEFN) Trading Up 22.6% – What’s Next?

Defense Metals Corp. (CVE:DEFN – Get Free Report) was up 22.6% during mid-day trading on Saturday . The stock traded as high as C$0.40 and last traded at C$0.38. Approximately 2,262,868 shares changed hands during mid-day trading, an increase of 526% from the average daily volume of 361,734 shares. The stock had previously closed at C$0.31.

Defense Metals Stock Up 22.6%

The company’s fifty day simple moving average is C$0.21 and its 200-day simple moving average is C$0.19. 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 market capitalization of C$127.59 million, a PE ratio of -19.00 and a beta of -1.26.

Defense Metals Company Profile

(Get Free Report)

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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