Defense Metals (CVE:DEFN) Trading 27.3% Higher – Here’s What Happened

Defense Metals Corp. (CVE:DEFN) shares shot up 27.3% on Tuesday . The company traded as high as C$0.22 and last traded at C$0.21. 279,989 shares were traded during trading, an increase of 89% from the average session volume of 148,025 shares. The stock had previously closed at C$0.17.

Defense Metals Price Performance

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 cap of C$58.19 million, a P/E ratio of -11.25 and a beta of 0.65. The firm’s fifty day moving average is C$0.11 and its two-hundred day moving average is C$0.13.

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.