Defiance Silver (CVE:DEF) Trading 7.3% Higher – Here’s What Happened

Defiance Silver Corp. (CVE:DEF) was up 7.3% during mid-day trading on Friday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 144,541 shares were traded during trading, a decline of 91% from the average daily volume of 1,660,750 shares. The stock had previously closed at C$0.21.

Defiance Silver Price Performance

The stock’s 50-day moving average is C$0.26 and its 200-day moving average is C$0.26. The stock has a market cap of C$82.94 million, a price-to-earnings ratio of -26.50 and a beta of 2.62.

Insider Transactions at Defiance Silver

In related news, Director Paul Smith sold 106,002 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of C$0.32, for a total transaction of C$33,920.64. Following the sale, the director owned 1,360,000 shares in the company, valued at approximately C$435,200. This trade represents a 7.23% decrease in their ownership of the stock. Company insiders own 3.51% of the company’s stock.

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.