Defense Metals Corp. (CVE:DEFN – Get Free Report)’s share price dropped 22.5% on Saturday . The company traded as low as C$0.14 and last traded at C$0.16. Approximately 4,005,172 shares were traded during mid-day trading, an increase of 1,766% from the average daily volume of 214,669 shares. The stock had previously closed at C$0.20.
Defense Metals Price Performance
The stock has a market capitalization of C$52.04 million, a P/E ratio of -7.75 and a beta of -1.20. The business’s 50 day simple moving average is C$0.20 and its two-hundred day simple moving average is C$0.18. The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 5.98.
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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