How does DEFN's PB Ratio compare to its peers?

DEFN is good value based on its Price-To-Book Ratio (0.6x) compared to the peer average (2.4x).

How does DEFN's PB Ratio compare vs other companies in the CA Metals and Mining Industry?

DEFN is good value based on its Price-To-Book Ratio (0.6x) compared to the Canadian Metals and Mining industry average (1.4x).

What is DEFN's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate DEFN's Price-To-Book Fair Ratio for valuation analysis.

What is the Fair Price of DEFN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate DEFN's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

Defense Metals (TSXV:DEFN) - Stock Price, News & Analysis

DEFN Stock Overview

Engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. More details

DEFN fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Risk Analysis

Makes less than USD$1m in revenue (CA$0)

Earnings have declined by 9.8% per year over past 5 years

Does not have a meaningful market cap (CA$27M)

Volatile share price over the past 3 months compared to the Canadian market

Defense Metals Corp. Competitors

Avalon Advanced Materials

TSX:AVL

CA$23.0m

Desert Mountain Energy

TSXV:DME

CA$25.7m

Metallic Minerals

TSXV:MMG

CA$27.3m

DLP Resources

TSXV:DLP

CA$25.4m

Price History & Performance

Summary of all time highs, changes and price drops for Defense Metals
Historical stock prices
Current Share Price	CA$0.10
52 Week High	CA$0.28
52 Week Low	CA$0.07
Beta	0.66
11 Month Change	5.00%
3 Month Change	-19.23%
1 Year Change	-34.38%
33 Year Change	-58.00%
5 Year Change	-12.50%
Change since IPO	-47.50%

Recent updates

We Think Defense Metals (CVE:DEFN) Needs To Drive Business Growth Carefully

Oct 12

Shareholder Returns

	DEFN	CA Metals and Mining	CA Market
7D	10.5%	6.6%	2.2%
1Y	-34.4%	32.2%	23.4%

Return vs Industry: DEFN underperformed the Canadian Metals and Mining industry which returned 32.2% over the past year.

Return vs Market: DEFN underperformed the Canadian Market which returned 23.4% over the past year.

Price Volatility

Is DEFN's price volatile compared to industry and market?
DEFN volatility
DEFN Average Weekly Movement	15.1%
Metals and Mining Industry Average Movement	10.4%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.7%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: DEFN's share price has been volatile over the past 3 months compared to the Canadian market.

Volatility Over Time: DEFN's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

Founded	Employees	CEO	Website
2016	n/a	n/a	www.defensemetals.com

Defense Metals Corp. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It holds 100% interest in the Wicheeda Project consisting of 6 claims covering an area of 8,301 hectares located in British Columbia. The company was formerly known as First Legacy Mining Corp. and changed its name to Defense Metals Corp. in December 2018.

Defense Metals Corp. Fundamentals Summary

How do Defense Metals's earnings and revenue compare to its market cap?
DEFN fundamental statistics
Market cap	CA$27.32m
Earnings (TTM)	-CA$3.01m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-9.1x

P/E Ratio

Is DEFN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DEFN income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$3.01m
Earnings	-CA$3.01m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.012
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did DEFN perform over the long term?

See historical performance and comparison

DEFN Stock Overview

Risk Analysis

Defense Metals Corp. Competitors

TSX:AVL

CA$23.0m

TSXV:DME

CA$25.7m

TSXV:MMG

CA$27.3m

TSXV:DLP

CA$25.4m

Price History & Performance

Recent News & Updates

Defense Metals Corp. Announces Appointment of Mark Tory as Chief Executive Officer, Effective January 1, 2025

Defense Metals Corp., Annual General Meeting, Dec 18, 2024

Defense Metals Corp. announced that it has received CAD 4 million in funding from RCF Management, LLC

New minor risk - Share price stability

Defense Metals Corp. announced that it expects to receive CAD 4 million in funding from RCF Management, LLC

Defense Metals Corp. Announces Resignation of Craig Tayloras as Chief Executive Officer

Recent updates

Defense Metals Corp. Announces Appointment of Mark Tory as Chief Executive Officer, Effective January 1, 2025

Defense Metals Corp., Annual General Meeting, Dec 18, 2024

Defense Metals Corp. announced that it has received CAD 4 million in funding from RCF Management, LLC

New minor risk - Share price stability

Defense Metals Corp. announced that it expects to receive CAD 4 million in funding from RCF Management, LLC

Defense Metals Corp. Announces Resignation of Craig Tayloras as Chief Executive Officer

Defense Metals Corp. announced that it expects to receive CAD 2 million in funding

New major risk - Financial position

Defense Metals Corp. Announces Board Changes

Defense Metals Announces Board Changes

Defense Metals Corp. Updates Metallurgical Test Work and Preliminary Feasibility Study Progress for Its Wicheeda Rare Earth Element Project

New minor risk - Insider selling

Defense Metals Corp. announced that it has received CAD 0.738836 million in funding from Mcleod Lake Indian Band Exploration Corporation, RCF Management, LLC

Defense Metals Corp. announced that it expects to receive CAD 0.665027 million in funding

Defense Metals Corp. Completes Geotechnical Field Data Collection for Wicheeda Rare Earth Element Project Preliminary Feasibility Study

Defense Metals Corp. Completes Phase 2 Pit Geotechnical Drilling & Intersects Mineralized Carbonatite at the Wicheeda Rare Earth Element Project

New major risk - Financial position

Defense Metals Corp. Ships Mixed Rare Oxide and Carbonate Samples to Interested Parties

Defense Metals Corp., Annual General Meeting, Dec 15, 2023

We Think Defense Metals (CVE:DEFN) Needs To Drive Business Growth Carefully

Defense Metals Corp. Reports Most Recent Results of the Extensive Comminution and Beneficiation Test Work in Lakefield, Ontario

Defense Metals Corp. Commences Phase 2 Infrastructure Sonic, Open Pit Geotechnical, and Exploration Target Core Drilling At Wicheeda Rare Earth Element Project

Price target increased by 10% to CA$1.08

Defense Metals Corp. Upgrades and Expands Mineral Resource Estimate for Wicheeda Rare Earth Element Project

Price target decreased by 9.3% to CA$0.97

New major risk - Financial position

Defense Metals Advances Pre-Feasibility Study

Defense Metals Corp. Completes Hydrometallurgical Pilot Plant Testing and Initiates Pre-Feasibility Study Design Work

Defense Metals Corp. announced that it has received CAD 12.5 million in funding from RCF Management, LLC

Defense Metals Corp. announced that it has received CAD 12.5 million in funding from RCF Management, LLC

Price target increased by 19% to CA$1.08

Defense Metals Corp. Variability Flotation Tests Yield High Rare Earth Recoveries to High Grade Concentrates

Defense Metals Corp. Announces Rare Earth Element Assay Results from Final Two Core Drill Holes

Defense Metals Announces More Rare Earth Assay Results from Wicheeda Project Drilling, Including 30 Metres of 3.77% Treo

Defense Metals Corp. Announces Appointment of Len Clough as New Director to the Board

Defense Metals Corp. announced that it has received CAD 6 million in funding

Defense Metals Corp. announced that it expects to receive CAD 6 million in funding

Defense Metals Corp. Drills 221 Meters of 2.14% Total Rare Earth Oxide, Including 111 Meters of 3.52% At Wicheeda

Less than half of directors are independent

Defense Metals Corp. Drills 113 Metres of 2.50% Total Rare Earth Oxide at Wicheeda; Completes 2022 Resource Delineation and Pit Geotechnical Drilling of 5,500 Metres

Defense Metals Corp. Flotation Results Yields High Grade Mineral Concentrate At Various Grades and Lithologies

Defense Metals Corp. Drills High-Grades at Wicheeda with 106 Metres of 2.53% Total Rare Earth Oxide; Including 59 Metres of 3.42%

Price target decreased to CA$0.70

Defense Metals Corp. Drills High-Grades at Wicheeda Including 124 Metres of 3.58% Total Rare Earth Oxide

Defense Metals Corp., Annual General Meeting, Dec 09, 2022

Price target increased to CA$0.90

Defense Metals Corp. Initial Drilling Results Yield 1.78% over 192 Metres Total Rare Earth Oxide At Wicheeda; Including 3.13% over 73 Metres

Defense Metals Corp. Provides Diamond Drilling Update - Infill and Exploration Drilling Complete and Pit Slope Geotechnical Drilling Underway

Defense Metals Corp. Provides an Update for Ongoing Diamond Drilling at its Wicheeda Rare Earth

Defense Metals Corp. Commences 2022 Wicheeda Rare Earth Element Deposit Pit Slope Geotechnical, Resource Delineation and Exploration

Defense Metals Corp. Announces the Initial Results of Alternative Acid Bake Process Testwork Underway At SGS Lakefield on Wicheeda Rare Earth Element Project Mineralized Feed

No independent directors

Defense Metals Corp. Drills 3.81% Total Rare Earth Oxide over 117 Metres; Including 4.87% over 38 Metres At Wicheeda

Defense Metals Corp. announced that it has received CAD 4.558049 million in funding

Defense Metals Corp. Announces Results for an Additional Six Diamond Drill Holes Totaling 845 Metres from the company's 29 Hole, 5,349 Metre Diamond Drill Program Completed During Fall 2021

Defense Metals Corp. Drills Highest Grade To Date At Wicheeda With 6.01% Total Rare Earth Oxide Over 23.4 Metres and 3.19% Over 138 Metres from Surface

Defense Metals Corp. Drills 3.17% Total Rare Earth Oxide over 196 Metres from Surface and Extends Mineralization Below Resource Pit Shell

Defense Metals Corp. Announces Appointment of John Goode to Advisory Board

Defense Metals Corp. Prepares for Initial Diamond Drill Assay Results

Director recently bought CA$888k worth of stock