Shares of Defiance Silver Corp. (CVE:DEF – Get Free Report) shot up 14.3% during trading on Wednesday. The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 369,274 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 926,083 shares. The stock had previously closed at C$0.10.
Wall Street Analysts Forecast Growth
Separately, Maxim Group lowered Defiance Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy”.
Defiance Silver Price Performance
The company has a 50-day moving average price of C$0.16 and a 200-day moving average price of C$0.22. The firm has a market capitalization of C$45.14 million, a PE ratio of -12.00 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.
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