Defense Metals (CVE:DEFN) Shares Up 11.3% – What’s Next?

Defense Metals Corp. (CVE:DEFN)’s stock price traded up 11.3% during mid-day trading on Friday . The company traded as high as C$0.30 and last traded at C$0.30. 1,377,812 shares were traded during mid-day trading, an increase of 220% from the average session volume of 431,006 shares. The stock had previously closed at C$0.27.

Defense Metals Trading Up 11.3%

The firm has a market cap of C$99.05 million, a PE ratio of -14.75 and a beta of -1.49. The company has a 50-day simple moving average of C$0.24 and a 200 day simple moving average of C$0.20. The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 5.98.

Defense Metals Company Profile

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.