Defense Metals (CVE:DEFN) Shares Down 15.2% – Should You Sell?

Defense Metals Corp. (CVE:DEFNGet Free Report) was down 15.2% during trading on Thursday . The stock traded as low as C$0.20 and last traded at C$0.20. Approximately 1,613,178 shares traded hands during mid-day trading, an increase of 267% from the average daily volume of 439,663 shares. The stock had previously closed at C$0.23.

Defense Metals Stock Down 15.2%

The stock’s fifty day moving average is C$0.24 and its 200 day moving average is C$0.21. The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 5.98. The company has a market capitalization of C$76.35 million, a P/E ratio of -9.75 and a beta of -1.49.

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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