Defense Metals (CVE:DEFN) Stock Price Up 22.6% – Should You Buy?

Defense Metals Corp. (CVE:DEFNGet Free Report)’s stock price traded up 22.6% on Wednesday . The company traded as high as C$0.19 and last traded at C$0.19. 442,200 shares were traded during trading, an increase of 173% from the average session volume of 162,262 shares. The stock had previously closed at C$0.16.

Defense Metals Price Performance

The stock has a market cap of C$55.54 million, a PE 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. The firm’s 50 day moving average price is C$0.17 and its two-hundred day moving average price is C$0.13.

Defense Metals Company Profile

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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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