Defiance Silver (CVE:DEF) Shares Up 32.4% – Time to Buy?

Defiance Silver Corp. (CVE:DEF) rose 32.4% during trading on Thursday . The stock traded as high as C$0.25 and last traded at C$0.25. Approximately 858,559 shares traded hands during mid-day trading, an increase of 98% from the average daily volume of 432,862 shares. The stock had previously closed at C$0.19.

Wall Street Analysts Forecast Growth

Separately, Northland Capmk raised shares of Defiance Silver to a “strong-buy” rating in a research note on Wednesday, January 15th.

Defiance Silver Price Performance

The stock has a market capitalization of C$70.72 million, a price-to-earnings ratio of -21.06 and a beta of 2.95. The business has a fifty day moving average of C$0.25 and a 200 day moving average of 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.