Defense Metals (CVE:DEFN) Shares Up 27.3% – Should You Buy?

Defense Metals Corp. (CVE:DEFN)’s stock price rose 27.3% during trading on Tuesday . The stock traded as high as C$0.22 and last traded at C$0.21. Approximately 279,989 shares changed hands during mid-day trading, an increase of 89% from the average daily volume of 148,025 shares. The stock had previously closed at C$0.17.

Defense Metals Trading Up 7.1 %

The stock has a fifty day moving average of C$0.11 and a 200 day moving average of C$0.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.04 and a current ratio of 0.63. The company has a market capitalization of C$58.19 million, a P/E ratio of -11.25 and a beta of 0.65.

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.