Defiance Silver (CVE:DEF) Trading Down 5.5% – Here’s Why

Defiance Silver Corp. (CVE:DEFGet Free Report)’s stock price dropped 5.5% on Wednesday . The company traded as low as C$0.26 and last traded at C$0.26. Approximately 149,796 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 386,175 shares. The stock had previously closed at C$0.28.

Wall Street Analyst Weigh In

DEF has been the topic of a number of analyst reports. HC Wainwright upgraded Defiance Silver to a “strong-buy” rating in a research report on Thursday, December 12th. Northland Capmk raised Defiance Silver to a “strong-buy” rating in a research note on Wednesday, January 15th.

View Our Latest Stock Analysis on DEF

Defiance Silver Price Performance

The company has a market cap of C$73.44 million, a price-to-earnings ratio of -21.87 and a beta of 2.95. The stock has a 50-day moving average price of C$0.24 and a 200 day moving average price of C$0.24.

About Defiance Silver

(Get Free Report)

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.

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