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flag Defense Metals' stock fell 15.2% to C$0.20 on high volume, with no stated reason.

flag 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. flag The decline followed a previous close of C$0.23, with the stock reaching a low of C$0.20. flag 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. flag Financial ratios include a debt-to-equity of 5.98, a current ratio of 0.43, and a quick ratio of 1.04. flag No specific reason for the drop was provided.

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