Defiance Silver (CVE:DEF) Shares Up 32.4% – Should You Buy?

Defiance Silver Corp. (CVE:DEF)’s stock price rose 32.4% during mid-day trading on Thursday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 858,559 shares changed hands during trading, an increase of 98% from the average daily volume of 432,862 shares. The stock had previously closed at C$0.19.

Wall Street Analysts Forecast Growth

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

Defiance Silver Trading Up 32.4 %

The stock has a market cap of C$66.64 million, a PE ratio of -19.85 and a beta of 2.95. The business has a 50-day moving average price of C$0.25 and a 200-day moving average price of 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.