Defense Metals (CVE:DEFN) Stock Price Down 8.9% – Should You Sell?

by · The Markets Daily

Defense Metals Corp. (CVE:DEFN – Get Free Report) fell 8.9% on Thursday . The stock traded as low as C$0.20 and last traded at C$0.21. 129,538 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 149,613 shares. The stock had previously closed at C$0.23.

Defense Metals Price Performance

The stock has a market capitalization of C$54.31 million, a P/E ratio of -10.50 and a beta of 0.65. The business has a fifty day simple moving average of C$0.12 and a 200 day simple moving average of C$0.13. The company has a current ratio of 0.63, a quick ratio of 1.04 and a debt-to-equity ratio of 0.26.

Defense Metals Company Profile

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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.

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