Defiance Silver (CVE:DEF) Reaches New 1-Year Low – Time to Sell?

Defiance Silver Corp. (CVE:DEF) hit a new 52-week low during trading on Thursday. The stock traded as low as C$0.11 and last traded at C$0.11, with a volume of 611,500 shares changing hands. The stock had previously closed at C$0.12.

Analyst Upgrades and Downgrades

Separately, Maxim Group lowered shares of Defiance Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Defiance Silver Trading Down 6.8%

The stock has a market cap of C$41.42 million, a price-to-earnings ratio of -11.00 and a beta of 2.57. The stock has a fifty day simple moving average of C$0.15 and a 200-day simple moving average of C$0.21.

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