Shares of Defense Metals Corp. (CVE:DEFN – Get Free Report) shot up 22.6% during mid-day trading on Saturday . The company traded as high as C$0.40 and last traded at C$0.38. 2,262,868 shares changed hands during mid-day trading, an increase of 526% from the average session volume of 361,734 shares. The stock had previously closed at C$0.31.
Defense Metals Stock Performance
The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.04 and a current ratio of 0.43. The stock’s fifty day moving average price is C$0.21 and its 200-day moving average price is C$0.19. The company has a market capitalization of C$127.59 million, a P/E ratio of -19.00 and a beta of -1.26.
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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