Defiance Silver (CVE:DEF) Shares Up 23.2% – Still a Buy?

Defiance Silver Corp. (CVE:DEF) shares shot up 23.2% during mid-day trading on Tuesday . The company traded as high as C$0.37 and last traded at C$0.35. 8,147,033 shares traded hands during mid-day trading, an increase of 225% from the average session volume of 2,509,638 shares. The stock had previously closed at C$0.28.

Analyst Upgrades and Downgrades

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

Defiance Silver Trading Up 19.6%

The stock has a market capitalization of C$121.95 million, a P/E ratio of -33.50 and a beta of 2.11. The company has a 50-day moving average price of C$0.23 and a two-hundred day moving average price 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.