Defiance Silver (CVE:DEF) Trading Up 32.4% – Should You Buy?

Defiance Silver Corp. (CVE:DEF) traded 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 mid-day trading, an increase of 98% from the average session volume of 432,862 shares. The stock had previously closed at C$0.19.

Analyst Upgrades and Downgrades

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

Defiance Silver Price Performance

The business has a 50 day moving average of C$0.25 and a 200 day moving average of C$0.24. The firm has a market capitalization of C$70.72 million, a price-to-earnings ratio of -21.06 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.