Defiance Silver (CVE:DEF) Shares Up 11.1% – Still a Buy?

Defiance Silver Corp. (CVE:DEF)’s stock price was up 11.1% during trading on Monday . The stock traded as high as C$0.30 and last traded at C$0.30. Approximately 185,450 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 384,570 shares. The stock had previously closed at C$0.27.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DEF shares. Northland Capmk raised Defiance Silver to a “strong-buy” rating in a report on Wednesday, January 15th. HC Wainwright raised Defiance Silver to a “strong-buy” rating in a report on Thursday, December 12th.

Defiance Silver Stock Performance

The stock’s 50-day moving average is C$0.25 and its 200 day moving average is C$0.25. The stock has a market capitalization of C$74.80 million, a PE ratio of -22.28 and a beta of 2.95.

Defiance Silver Company Profile

Defiance Silver Corp., an exploration stage company, acquires, explores, evaluates, and develops mineral properties primarily in Mexico. It primarily explores for gold, copper, and silver deposits. The company was formerly known as Defiance Capital Corp. and changed its name to Defiance Silver Corp. in June 2011.