Defense Metals (CVE:DEFN) Reaches New 12-Month Low – What’s Next?

Defense Metals Corp. (CVE:DEFNGet Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.14, with a volume of 546835 shares changing hands. The stock had previously closed at C$0.14.

Defense Metals Trading Up 7.1%

The firm has a market cap of C$58.92 million, a P/E ratio of -7.50 and a beta of -2.25. The business’s 50-day moving average is C$0.17 and its two-hundred day moving average is C$0.22. The company has a current ratio of 26.44, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04.

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. 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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