Defense Metals (CVE:DEFN) Shares Down 2.8% – Should You Sell?

Defense Metals Corp. (CVE:DEFN) dropped 2.8% during mid-day trading on Monday . The stock traded as low as C$0.24 and last traded at C$0.24. Approximately 127,139 shares were traded during trading, a decline of 73% from the average daily volume of 472,863 shares. The stock had previously closed at C$0.25.

Defense Metals Trading Down 2.8%

The firm’s 50 day simple moving average is C$0.26 and its two-hundred day simple moving average is C$0.24. The stock has a market capitalization of C$95.31 million, a P/E ratio of -24.30 and a beta of -2.42. 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. and changed its name to Defense Metals Corp. in December 2018. Defense Metals Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.