Defiance Silver (CVE:DEF) Shares Down 5.5% – What’s Next?

Defiance Silver Corp. (CVE:DEF) shares traded down 5.5% on Wednesday . The stock traded as low as C$0.26 and last traded at C$0.26. 149,796 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 386,175 shares. The stock had previously closed at C$0.28.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Northland Capmk upgraded shares of 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 note on Thursday, December 12th.

Defiance Silver Stock Down 3.6 %

The stock’s 50 day moving average price is C$0.24 and its 200-day moving average price is C$0.24. The stock has a market capitalization of C$72.08 million, a PE ratio of -21.47 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.