Shares of Defense Metals Corp. (CVE:DEFN – Get Free Report) traded up 19.4% during mid-day trading on Wednesday . The company traded as high as C$0.19 and last traded at C$0.19. Approximately 353,700 shares changed hands during mid-day trading, an increase of 122% from the average daily volume of 159,432 shares. The stock had previously closed at C$0.16.
Defense Metals Trading Up 22.6 %
The firm’s fifty day moving average price is C$0.17 and its 200-day moving average price is C$0.13. The company has a market cap of C$55.54 million, a price-to-earnings ratio of -14.36 and a beta of 0.65. The company has a debt-to-equity ratio of 5.98, a current ratio of 0.43 and a quick ratio of 1.04.
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.
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