Defiance Silver (CVE:DEF) Trading Down 6.5% – Here’s Why

Defiance Silver Corp. (CVE:DEF)’s stock price traded down 6.5% during mid-day trading on Tuesday . The stock traded as low as C$0.29 and last traded at C$0.29. 2,454,715 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 2,820,531 shares. The stock had previously closed at C$0.31.

Analyst Ratings Changes

Separately, Benchmark upgraded Defiance Silver to a “strong-buy” rating in a research note on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has an average rating of “Strong Buy”.

Defiance Silver Trading Down 6.5%

The stock has a market capitalization of C$105.57 million, a P/E ratio of -29.00 and a beta of 2.71. The business’s fifty day simple moving average is C$0.31 and its two-hundred day simple moving average is C$0.25.

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.