Defiance Silver (CVE:DEF) Trading 32.4% Higher – What’s Next?

Defiance Silver Corp. (CVE:DEF) rose 32.4% on Wednesday . The company 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 99% from the average daily volume of 431,727 shares. The stock had previously closed at C$0.19.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Northland Capmk upgraded shares of Defiance Silver to a “strong-buy” rating in a report on Wednesday, January 15th. HC Wainwright upgraded Defiance Silver to a “strong-buy” rating in a report on Thursday, December 12th.

Defiance Silver Stock Up 6.1 %

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

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.