Defiance Silver (CVE:DEF) Stock Price Down 6.5% – Here’s Why

Shares of Defiance Silver Corp. (CVE:DEF) traded down 6.5% during mid-day trading on Friday . The company traded as low as C$0.21 and last traded at C$0.22. 229,750 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 424,624 shares. The stock had previously closed at C$0.23.

Analysts Set New Price Targets

Separately, Maxim Group upgraded shares of Defiance Silver to a “strong-buy” rating in a report on Friday, October 11th.

Defiance Silver Trading Down 4.3 %

The company has a debt-to-equity ratio of 8.70, a current ratio of 2.41 and a quick ratio of 12.57. The business has a 50-day moving average price of C$0.26 and a two-hundred day moving average price of C$0.25. The firm has a market cap of C$59.90 million, a PE ratio of -10.00 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.