Defiance Silver (CVE:DEF) Stock Price Up 20.7% – Time to Buy?

Defiance Silver Corp. (CVE:DEF)’s share price rose 20.7% during trading on Tuesday . The stock traded as high as C$0.37 and last traded at C$0.34. Approximately 7,329,217 shares traded hands during mid-day trading, an increase of 219% from the average daily volume of 2,297,578 shares. The stock had previously closed at C$0.28.

Analyst Ratings Changes

Separately, Benchmark raised Defiance Silver to a “strong-buy” rating in a report on Friday, November 21st. Three research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Defiance Silver Price Performance

The stock has a 50 day moving average price of C$0.23 and a 200-day moving average price of C$0.23. The stock has a market capitalization of C$120.13 million, a price-to-earnings ratio of -33.00 and a beta of 2.11.

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.