Defiance Silver (CVE:DEF) Trading Up 32.4% – Here’s Why

by · The Cerbat Gem

Defiance Silver Corp. (CVE:DEF – Get Free Report) shares shot up 32.4% on Wednesday . The company traded as high as C$0.25 and last traded at C$0.25. 858,559 shares changed hands during mid-day trading, an increase of 98% from the average session volume of 432,862 shares. The stock had previously closed at C$0.19.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on Defiance Silver

Defiance Silver Stock Up 6.1 %

The stock has a market capitalization of C$70.72 million, a P/E ratio of -21.06 and a beta of 2.95. The stock has a 50 day simple moving average of C$0.25 and a two-hundred day simple moving average 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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