Defense Metals Corp. (CVE:DEFN – Get Free Report) fell 8.9% during trading on Thursday . The company traded as low as C$0.20 and last traded at C$0.21. 129,538 shares were traded during mid-day trading, a decline of 13% from the average session volume of 149,613 shares. The stock had previously closed at C$0.23.
Defense Metals Stock Performance
The stock has a 50 day moving average of C$0.12 and a 200 day moving average of C$0.13. The company has a quick ratio of 1.04, a current ratio of 0.63 and a debt-to-equity ratio of 0.26. The firm has a market cap of C$53.02 million, a price-to-earnings ratio of -10.25 and a beta of 0.65.
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.
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