Defense Metals (CVE:DEFN) Trading Up 18.5% – Time to Buy?

Shares of Defense Metals Corp. (CVE:DEFN) rose 18.5% on Monday . The stock traded as high as C$0.16 and last traded at C$0.16. Approximately 141,514 shares changed hands during trading, an increase of 1% from the average daily volume of 139,482 shares. The stock had previously closed at C$0.14.

Defense Metals Stock Up 18.5 %

The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 5.98. The firm has a market capitalization of C$46.77 million, a price-to-earnings ratio of -12.09 and a beta of 0.65. The firm has a 50 day moving average of C$0.16 and a two-hundred day moving average of C$0.14.

About Defense Metals

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.