Defense Metals Corp. (CVE:DEFN - Get Free Report) shares rose 22.6% during mid-day trading on Wednesday . The company traded as high as C$0.19 and last traded at C$0.19. Approximately 640,389 shares changed hands during trading, an increase of 279% from the average daily volume of 168,778 shares. The stock had previously closed at C$0.16.

The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.04 and a current ratio of 0.43. The company has a market capitalization of C$55.54 million, a price-to-earnings ratio of -14.36 and a beta of 0.65. The company has a 50-day moving average price of C$0.17 and a 200-day moving average price of C$0.13.

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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