Defiance Silver (CVE:DEF) Shares Up 5.5% – Still a Buy?

Defiance Silver Corp. (CVE:DEF)’s stock price shot up 5.5% during mid-day trading on Friday . The stock traded as high as C$0.30 and last traded at C$0.29. 1,921,137 shares changed hands during trading, an increase of 94% from the average session volume of 988,846 shares. The stock had previously closed at C$0.28.

Defiance Silver Stock Performance

The firm has a 50-day moving average price of C$0.22 and a 200 day moving average price of C$0.24. The stock has a market capitalization of C$102.22 million, a P/E ratio of -14.50 and a beta of 0.88.

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.