Defiance Silver (CVE:DEF) Shares Up 12.8% – Here’s Why

Defiance Silver Corp. (CVE:DEF)’s share price rose 12.8% during mid-day trading on Friday . The stock traded as high as C$0.27 and last traded at C$0.27. Approximately 145,473 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 353,685 shares. The stock had previously closed at C$0.24.

Analysts Set New Price Targets

Several research firms recently weighed in on DEF. Northland Capmk upgraded shares of 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 research report on Thursday, December 12th.

Defiance Silver Price Performance

The company has a market cap of C$63.92 million, a price-to-earnings ratio of -19.04 and a beta of 2.95. The company’s 50-day simple moving average is C$0.21 and its 200-day simple moving average is C$0.24.

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.