Defense Metals (CVE:DEFN) Trading Up 21.2% – Here’s Why

Defense Metals Corp. (CVE:DEFNGet Free Report) shares traded up 21.2% during trading on Monday . The company traded as high as C$0.20 and last traded at C$0.20. 134,411 shares were traded during mid-day trading, a decline of 9% from the average session volume of 147,396 shares. The stock had previously closed at C$0.17.

Defense Metals Stock Up 30.3 %

The company has a current ratio of 0.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average price is C$0.11 and its two-hundred day moving average price is C$0.13. The company has a market capitalization of C$55.60 million, a price-to-earnings ratio of -10.75 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.

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