Defense Metals Corp. (CVE:DEFN – Get Free Report) shot up 22.6% on Saturday . The stock traded as high as C$0.40 and last traded at C$0.38. 2,262,868 shares were traded 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 stock’s 50-day moving average is C$0.21 and its 200-day moving average is C$0.19. The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 5.98. The stock has a market cap of C$127.59 million, a price-to-earnings ratio of -19.00 and a beta of -1.26.
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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