Defense Metals (CVE:DEFN) Trading Up 3.2% – What’s Next?

Shares of Defense Metals Corp. (CVE:DEFN) traded up 3.2% during mid-day trading on Thursday . The stock traded as high as C$0.16 and last traded at C$0.16. 26,000 shares were traded during mid-day trading, a decline of 83% from the average session volume of 149,585 shares. The stock had previously closed at C$0.16.

Defense Metals Stock Down 6.3 %

The business has a 50-day moving average of C$0.16 and a 200 day moving average of C$0.13. The company has a market capitalization of C$43.85 million, a PE ratio of -11.34 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.

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.