Defiance Silver (CVE:DEF) Shares Down 4.7% – Time to Sell?

Defiance Silver Corp. (CVE:DEF)’s stock price dropped 4.7% on Thursday . The stock traded as low as C$0.20 and last traded at C$0.21. Approximately 880,750 shares changed hands during trading, a decline of 42% from the average daily volume of 1,529,925 shares. The stock had previously closed at C$0.22.

Defiance Silver Stock Down 9.3%

The firm has a fifty day moving average price of C$0.24 and a two-hundred day moving average price of C$0.26. The stock has a market capitalization of C$71.89 million, a P/E ratio of -26.50 and a beta of 2.64.

Insider Activity at Defiance Silver

In related news, Director Paul Smith sold 106,002 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of C$0.32, for a total transaction of C$33,920.64. Following the sale, the director directly owned 1,360,000 shares of the company’s stock, valued at C$435,200. This trade represents a 7.23% decrease in their ownership of the stock. 3.51% of the stock is owned by company insiders.

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. Defiance Silver Corp. was incorporated in 2007 and is based in Vancouver, Canada.