Defiance Silver (CVE:DEF) Stock Price Up 14.3% – Here’s Why

Shares of Defiance Silver Corp. (CVE:DEF) traded up 14.3% on Wednesday. The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 369,274 shares traded hands during trading, a decline of 60% from the average daily volume of 926,083 shares. The stock had previously closed at C$0.10.

Analyst Upgrades and Downgrades

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

Defiance Silver Stock Performance

The company has a market capitalization of C$43.30 million, a P/E ratio of -11.50 and a beta of 2.57. The stock’s 50-day moving average price is C$0.16 and its 200-day moving average price is C$0.22.

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.