Shares of Defense Metals Corp. (CVE:DEFN – Get Free Report) were down 6.3% during trading on Thursday. The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 300,026 shares changed hands during trading, an increase of 0% from the average daily volume of 299,952 shares. The stock had previously closed at C$0.13.
Defense Metals Stock Performance
The business’s 50-day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.17. The company has a quick ratio of 1.04, a current ratio of 1.65 and a debt-to-equity ratio of 0.34. The firm has a market cap of C$45.44 million, a price-to-earnings ratio of -5.75 and a beta of -2.52.
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. and changed its name to Defense Metals Corp. in December 2018. Defense Metals Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.
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