Shares of Defense Metals Corp. (CVE:DEFN – Get Free Report) rose 10.5% during trading on Wednesday . The stock traded as high as C$0.11 and last traded at C$0.11. Approximately 126,100 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 138,918 shares. The stock had previously closed at C$0.10.
Defense Metals Stock Performance
The company has a market capitalization of C$27.16 million, a P/E ratio of -5.25 and a beta of 0.65. The stock has a fifty day simple moving average of C$0.10 and a 200-day simple moving average of C$0.15. The company has a quick ratio of 1.04, a current ratio of 0.63 and a debt-to-equity ratio of 0.26.
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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