Defiance Silver (CVE:DEF) Trading Down 12.5% – What’s Next?

Defiance Silver Corp. (CVE:DEF)’s share price was down 12.5% during trading on Wednesday . The company traded as low as C$0.24 and last traded at C$0.25. Approximately 1,709,442 shares changed hands during trading, an increase of 49% from the average daily volume of 1,149,767 shares. The stock had previously closed at C$0.28.

Analyst Ratings Changes

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

Defiance Silver Stock Down 12.5%

The company has a market capitalization of C$89.18 million, a P/E ratio of -24.50 and a beta of 1.66. The company has a 50-day moving average of C$0.22 and a two-hundred 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.