Defiance Silver (CVE:DEF) Trading Down 7.7% – Time to Sell?

Defiance Silver Corp. (CVE:DEF) shares were down 7.7% during trading on Thursday . The company traded as low as C$0.24 and last traded at C$0.24. Approximately 322,157 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 1,098,256 shares. The stock had previously closed at C$0.26.

Wall Street Analysts Forecast Growth

Separately, Benchmark raised Defiance Silver to a “strong-buy” rating in a research note on Friday, November 21st. Four equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Defiance Silver Stock Down 8.5%

The business has a 50 day moving average price of C$0.23 and a two-hundred day moving average price of C$0.23. The stock has a market cap of C$86.64 million, a P/E ratio of -23.80 and a beta of 1.41.

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.