Defiance Silver (CVE:DEF) Trading Up 9.1% – Should You Buy?

Defiance Silver Corp. (CVE:DEF)’s stock price shot up 9.1% during trading on Thursday . The stock traded as high as C$0.24 and last traded at C$0.24. 253,680 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 299,863 shares. The stock had previously closed at C$0.22.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DEF shares. HC Wainwright upgraded shares of Defiance Silver to a “strong-buy” rating in a research report on Thursday, December 12th. Maxim Group upgraded Defiance Silver to a “strong-buy” rating in a report on Friday, October 11th. Finally, Northland Capmk raised Defiance Silver to a “strong-buy” rating in a research report on Wednesday, January 15th.

Defiance Silver Price Performance

The stock has a 50 day moving average of C$0.21 and a two-hundred day moving average of C$0.24. The company has a debt-to-equity ratio of 8.70, a quick ratio of 12.57 and a current ratio of 2.41. The firm has a market capitalization of C$63.98 million, a P/E ratio of -10.00 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.