Defiance Silver (CVE:DEF) Trading 32.4% Higher – Time to Buy?

Shares of Defiance Silver Corp. (CVE:DEFGet Free Report) rose 32.4% during trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.25. Approximately 858,559 shares changed hands during mid-day 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 Analyst Weigh In

A number of research analysts have weighed in on the company. Northland Capmk raised Defiance Silver to a “strong-buy” rating in a research note on Wednesday, January 15th. HC Wainwright upgraded shares of Defiance Silver to a “strong-buy” rating in a report on Thursday, December 12th.

Read Our Latest Stock Report on DEF

Defiance Silver Trading Up 32.4 %

The company has a market capitalization of C$66.64 million, a PE ratio of -19.85 and a beta of 2.95. The company’s 50 day moving average price is C$0.25 and its 200-day moving average price is C$0.24.

Defiance Silver Company Profile

(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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