Defiance Silver (CVE:DEF) Reaches New 52-Week Low – Here’s Why

Shares of Defiance Silver Corp. (CVE:DEF) hit a new 52-week low during trading on Thursday. The stock traded as low as C$0.13 and last traded at C$0.14, with a volume of 184,279 shares traded. The stock had previously closed at C$0.14.

Analyst Upgrades and Downgrades

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

Defiance Silver Stock Performance

The business has a 50 day moving average of C$0.18 and a two-hundred day moving average of C$0.19. The firm has a market capitalization of C$54.54 million, a price-to-earnings ratio of -14.50 and a beta of 2.98.

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.