Defiance Silver (CVE:DEF) Trading 20.7% Higher – Time to Buy?

Defiance Silver Corp. (CVE:DEF)’s stock price shot up 20.7% during mid-day trading on Tuesday . The company traded as high as C$0.37 and last traded at C$0.34. 7,329,217 shares traded hands during mid-day trading, an increase of 219% from the average session volume of 2,297,578 shares. The stock had previously closed at C$0.28.

Analysts Set New Price Targets

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

Defiance Silver Stock Up 17.9%

The stock has a market cap of C$120.13 million, a price-to-earnings ratio of -33.00 and a beta of 2.11. The business has a 50-day moving average of C$0.23 and a 200-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.