Defiance Silver (CVE:DEF) Shares Down 5.5% – Here’s Why

Defiance Silver Corp. (CVE:DEF)’s stock price traded down 5.5% on Wednesday . The stock traded as low as C$0.26 and last traded at C$0.26. 149,796 shares were traded during trading, a decline of 61% from the average session volume of 386,175 shares. The stock had previously closed at C$0.28.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Northland Capmk raised Defiance Silver to a “strong-buy” rating in a report on Wednesday, January 15th. HC Wainwright upgraded Defiance Silver to a “strong-buy” rating in a research note on Thursday, December 12th.

Defiance Silver Trading Down 8.5 %

The firm has a market cap of C$73.44 million, a P/E ratio of -21.87 and a beta of 2.95. The business has a 50-day moving average of C$0.24 and a two-hundred day moving average of C$0.24.

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.