Defense Metals (CVE:DEFN) Sets New 12-Month Low – Should You Sell?

Defense Metals Corp. (CVE:DEFN – Get Free Report) reached a new 52-week low on Monday. The company traded as low as C$0.09 and last traded at C$0.10, with a volume of 75,547 shares trading hands. The stock had previously closed at C$0.10.

Defense Metals Price Performance

The firm’s 50 day simple moving average is C$0.13 and its two-hundred day simple moving average is C$0.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.65 and a quick ratio of 1.04. The firm has a market capitalization of C$37.54 million, a P/E ratio of -4.75 and a beta of -2.52.

About Defense Metals

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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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