Defiance Silver (CVE:DEF) Shares Down 18.8% – Time to Sell?

Defiance Silver Corp. (CVE:DEF) was down 18.8% on Tuesday. The stock traded as low as C$0.13 and last traded at C$0.13. 1,455,711 shares traded hands during trading, an increase of 49% from the average daily volume of 979,630 shares. The stock had previously closed at C$0.16.

Wall Street Analyst Weigh In

Separately, Maxim Group cut Defiance Silver from a “strong-buy” rating to a “hold” rating in a research report 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Defiance Silver Price Performance

The stock’s 50 day moving average price is C$0.19 and its two-hundred day moving average price is C$0.20. The firm has a market capitalization of C$48.90 million, a price-to-earnings ratio of -13.00 and a beta of 2.98.

Defiance Silver Company Profile

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.