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

Defiance Silver Corp. (CVE:DEF)’s share price shot up 32.4% on Wednesday . The stock 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 99% from the average session volume of 431,727 shares. The stock had previously closed at C$0.19.

Analyst Ratings Changes

Several analysts have weighed in on DEF shares. Northland Capmk raised Defiance Silver to a “strong-buy” rating in a 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 Trading Up 6.1 %

The business’s fifty day moving average price is C$0.25 and its 200-day moving average price is C$0.24. The company has a market capitalization of C$70.72 million, a P/E ratio of -21.06 and a beta of 2.95.

About Defiance Silver

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.