Defense Metals (OTCMKTS:DFMTF) Stock Price Up 3.5% – Time to Buy?

Defense Metals Corp. (OTCMKTS:DFMTFGet Free Report) rose 3.5% during mid-day trading on Wednesday . The stock traded as high as $0.2040 and last traded at $0.2035. Approximately 71,405 shares were traded during trading, a decline of 45% from the average daily volume of 130,676 shares. The stock had previously closed at $0.1966.

Defense Metals Price Performance

The company has a 50-day moving average price of $0.18 and a 200 day moving average price of $0.16.

Defense Metals Company Profile

(Get Free Report)

Defense Metals Corp. is a Canadian mineral exploration company focused on the identification and development of rare earth element (REE) resources. Headquartered in Vancouver, British Columbia, the company is listed on the OTC Markets under the symbol DFMTF and on the TSX Venture Exchange under DEFN. Its principal objective is to advance its flagship Wicheeda Rare Earth Element Project toward production, targeting REEs that are critical for the manufacturing of permanent magnets, electric vehicles, wind turbines and advanced defense applications.

The Wicheeda project is located approximately 55 kilometres northeast of Prince George in central British Columbia.

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