Defiance Silver (CVE:DEF) Shares Up 27.7% – Here’s Why

Defiance Silver Corp. (CVE:DEF) shares rose 27.7% during trading on Tuesday . The company traded as high as C$0.30 and last traded at C$0.30. Approximately 391,362 shares were traded during trading, an increase of 6% from the average daily volume of 370,301 shares. The stock had previously closed at C$0.24.

Analyst Ratings Changes

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

Defiance Silver Trading Up 19.1 %

The business’s fifty day simple moving average is C$0.21 and its 200 day simple moving average is C$0.24. The stock has a market cap of C$76.16 million, a price-to-earnings ratio of -22.68 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.