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Defense Metals' stock fell 15.2% to C$0.20 on high volume, with no stated reason.
Defense Metals (CVE:DEFN) shares dropped 15.2% on Wednesday, closing at C$0.20 amid a surge in trading volume—1.6 million shares, a 267% increase from average levels.
The decline followed a previous close of C$0.23, with the stock reaching a low of C$0.20.
The company, which owns the Wicheeda rare earth and critical minerals project in British Columbia, reported a market cap of C$88.09 million, a negative P/E ratio of -11.25, and a beta of -1.49, indicating high volatility.
Financial ratios include a debt-to-equity of 5.98, a current ratio of 0.43, and a quick ratio of 1.04.
No specific reason for the drop was provided.
Las acciones de Defense Metals cayeron un 15.2% a C$0.20 en alto volumen, sin ninguna razón declarada.