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

Defiance Silver Corp. (CVE:DEF) shares hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as C$0.13 and last traded at C$0.13, with a volume of 75,700 shares. The stock had previously closed at C$0.13.

Analyst Upgrades and Downgrades

Separately, Maxim Group lowered Defiance Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Defiance Silver Price Performance

The firm has a market cap of C$48.90 million, a price-to-earnings ratio of -13.00 and a beta of 2.98. The company’s 50-day moving average price is C$0.18 and its 200-day moving average price is C$0.19.

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.