Defense Metals (CVE:DEFN) Reaches New 12-Month Low – Should You Sell?
by Michael Walen · The Markets DailyDefense Metals Corp. (CVE:DEFN – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as C$0.10 and last traded at C$0.10, with a volume of 357,929 shares changing hands. The stock had previously closed at C$0.10.
Defense Metals Stock Performance
The company’s 50 day simple moving average is C$0.13 and its 200 day simple moving average is C$0.16. The stock has a market cap of C$39.51 million, a PE ratio of -5.00 and a beta of -2.52. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.65.
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.