Shares of Defense Metals Corp. (OTCMKTS:DFMTF – Get Free Report) dropped 0.7% on Thursday . The stock traded as low as $0.19 and last traded at $0.2122. Approximately 334,606 shares traded hands during trading, an increase of 57% from the average daily volume of 212,511 shares. The stock had previously closed at $0.2137.
Defense Metals Price Performance
The stock has a 50-day moving average of $0.18 and a 200-day moving average of $0.17.
About Defense Metals
Defense Metals Corp. is a Canadian mineral exploration company focused on the identification and development of rare earth element (REE) resources. Headquartered in Vancouver, British Columbia, the company is listed on the OTC Markets under the symbol DFMTF and on the TSX Venture Exchange under DEFN. Its principal objective is to advance its flagship Wicheeda Rare Earth Element Project toward production, targeting REEs that are critical for the manufacturing of permanent magnets, electric vehicles, wind turbines and advanced defense applications.
The Wicheeda project is located approximately 55 kilometres northeast of Prince George in central British Columbia.
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