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

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

Wall Street Analysts Forecast Growth

Separately, Maxim Group downgraded shares of Defiance Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Defiance Silver Stock Up 14.3%

The company has a market cap of C$45.14 million, a price-to-earnings ratio of -12.00 and a beta of 2.98. The company has a fifty day simple moving average of C$0.16 and a two-hundred day simple moving average of C$0.22.

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.