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

Defiance Silver Corp. (CVE:DEF)’s stock price rose 32.4% on Thursday . The stock traded as high as C$0.25 and last traded at C$0.25. Approximately 858,559 shares changed hands during trading, an increase of 98% from the average daily volume of 432,862 shares. The stock had previously closed at C$0.19.

Analysts Set New Price Targets

Separately, Northland Capmk raised Defiance Silver to a “strong-buy” rating in a report on Wednesday, January 15th.

Defiance Silver Stock Performance

The business’s 50-day moving average price is C$0.25 and its 200 day moving average price is C$0.24. The company has a market cap of C$70.72 million, a P/E ratio of -21.06 and a beta of 2.95.

Defiance Silver Company Profile

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.