Defiance Silver (CVE:DEF) Shares Down 2% – What’s Next?

Defiance Silver Corp. (CVE:DEF) was down 2% during mid-day trading on Friday . The stock traded as low as C$0.24 and last traded at C$0.25. Approximately 484,364 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 1,129,925 shares. The stock had previously closed at C$0.26.

Wall Street Analyst Weigh In

Separately, Benchmark raised shares of Defiance Silver to a “strong-buy” rating in a research report on Friday, November 21st. Three equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Defiance Silver Price Performance

The firm has a market capitalization of C$91.00 million, a price-to-earnings ratio of -25.00 and a beta of 1.66. The business has a 50 day moving average of C$0.22 and a 200 day moving average of C$0.23.

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.