Defense Metals (CVE:DEFN) Shares Up 18.5% – Should You Buy?

Defense Metals Corp. (CVE:DEFN)’s share price 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 traded hands during mid-day 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 stock’s fifty day simple moving average is C$0.16 and its 200-day simple moving average is C$0.14. The stock has a market cap of C$46.77 million, a P/E ratio of -12.09 and a beta of 0.65. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.04 and a current ratio of 0.43.

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.