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flag Defense Metals shares surged 22.6% on volume 526% above average, with no explanation given.

flag Defense Metals (CVE:DEFN) shares jumped 22.6% on Saturday, closing at C$0.38 after reaching a high of C$0.40, driven by a 526% surge in trading volume to 2.26 million shares. flag The company, which owns the Wicheeda rare earths project in British Columbia, has a market cap of C$127.59 million and a negative P/E ratio of -19.00. flag No reason for the price increase was provided.

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