Defense Metals (CVE:DEFN) Trading 11.4% Higher – Time to Buy?

Defense Metals Corp. (CVE:DEFNGet Free Report)’s share price traded up 11.4% during trading on Friday . The company traded as high as C$0.20 and last traded at C$0.20. 322,848 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 372,854 shares. The stock had previously closed at C$0.18.

Defense Metals Stock Performance

The business has a 50 day simple moving average of C$0.21 and a 200 day simple moving average of C$0.24. The company has a quick ratio of 1.04, a current ratio of 26.44 and a debt-to-equity ratio of 0.04. The company has a market capitalization of C$74.63 million, a PE ratio of -9.50 and a beta of -1.76.

Defense Metals Company Profile

(Get Free Report)

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.

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