Insider Buying: Defiance Silver (CVE:DEF) Director Acquires C$11,802.00 in Stock

Defiance Silver Corp. (CVE:DEF) Director Christopher David Wright acquired 56,200 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was acquired at an average cost of C$0.21 per share, for a total transaction of C$11,802.00. Following the completion of the acquisition, the director directly owned 1,400,000 shares in the company, valued at approximately C$294,000. The trade was a 4.18% increase in their ownership of the stock.

Defiance Silver Price Performance

Shares of DEF opened at C$0.20 on Monday. The company has a market capitalization of C$77.11 million, a price-to-earnings ratio of -20.50 and a beta of 2.64. Defiance Silver Corp. has a 52 week low of C$0.15 and a 52 week high of C$0.52. The stock’s 50-day moving average price is C$0.17 and its 200-day moving average price is C$0.24.

Defiance Silver Company Profile

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.