Defense Metals Corp. (CVE:DEFN – Get Free Report) shot up 12.9% during mid-day trading on Wednesday . The company traded as high as C$0.18 and last traded at C$0.18. 178,200 shares were traded during trading, an increase of 13% from the average session volume of 158,262 shares. The stock had previously closed at C$0.16.
Defense Metals Trading Up 22.6 %
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 firm has a 50-day moving average price of C$0.17 and a 200-day moving average price of C$0.13. The company has a market capitalization of C$55.54 million, a price-to-earnings ratio of -14.36 and a beta of 0.65.
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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