Shares of Defense Metals Corp. (CVE:DEFN – Get Free Report) dropped 4.4% on Friday . The stock traded as low as C$0.22 and last traded at C$0.22. Approximately 464,793 shares traded hands during trading, an increase of 165% from the average daily volume of 175,335 shares. The stock had previously closed at C$0.23.
Defense Metals Trading Down 4.4%
The company has a fifty day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.17. The stock has a market capitalization of C$62.85 million, a P/E ratio of -16.25 and a beta of 0.65. The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 5.98.
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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