Defiance Silver (CVE:DEF) Shares Down 12.5% – Should You Sell?

Shares of Defiance Silver Corp. (CVE:DEF) were down 12.5% on Wednesday . The company traded as low as C$0.24 and last traded at C$0.25. Approximately 2,110,942 shares changed hands during trading, an increase of 83% from the average daily volume of 1,150,665 shares. The stock had previously closed at C$0.28.

Analyst Upgrades and Downgrades

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

Defiance Silver Stock Performance

The company has a market cap of C$89.18 million, a price-to-earnings ratio of -24.50 and a beta of 1.66. The business’s 50 day moving average price is C$0.22 and its 200-day moving average price is 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.