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

Defense Metals Corp. (CVE:DEFN)’s share price traded down 2.8% during trading on Monday . The company traded as low as C$0.24 and last traded at C$0.24. 127,139 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 472,863 shares. The stock had previously closed at C$0.25.

Defense Metals Price Performance

The business has a 50-day moving average price of C$0.26 and a two-hundred day moving average price of C$0.24. The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 5.98. The company has a market capitalization of C$95.31 million, a price-to-earnings ratio of -24.30 and a beta of -2.42.

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.