Defiance Silver (CVE:DEF) Trading Up 32.4% – Here’s Why

Defiance Silver Corp. (CVE:DEFGet Free Report) shares shot up 32.4% during mid-day trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.25. 858,559 shares changed hands during trading, an increase of 98% from the average session volume of 432,862 shares. The stock had previously closed at C$0.19.

Analysts Set New Price Targets

A number of brokerages recently commented on DEF. Northland Capmk upgraded Defiance Silver to a “strong-buy” rating in a research 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.

Check Out Our Latest Research Report on Defiance Silver

Defiance Silver Trading Up 32.4 %

The business’s fifty day simple moving average is C$0.25 and its 200 day simple moving average is C$0.24. The stock has a market cap of C$66.64 million, a price-to-earnings ratio of -19.85 and a beta of 2.95.

About Defiance Silver

(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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