Defiance Silver (CVE:DEF) Hits New 1-Year Low – What’s Next?

Defiance Silver Corp. (CVE:DEF)’s share price hit a new 52-week low on Monday. The company traded as low as C$0.10 and last traded at C$0.11, with a volume of 688,333 shares. The stock had previously closed at C$0.12.

Wall Street Analyst Weigh In

Separately, Maxim Group lowered Defiance Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Defiance Silver Stock Performance

The stock has a market capitalization of C$41.38 million, a price-to-earnings ratio of -11.00 and a beta of 2.98. The business’s 50 day simple moving average is C$0.17 and its 200-day simple moving average is C$0.19.

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.