Defiance Silver (CVE:DEF) Stock Price Down 18.8% – Time to Sell?

Defiance Silver Corp. (CVE:DEF)’s stock price dropped 18.8% on Tuesday. The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 1,455,711 shares traded hands during trading, an increase of 49% from the average session volume of 979,630 shares. The stock had previously closed at C$0.16.

Wall Street Analysts Forecast Growth

Separately, Maxim Group lowered Defiance Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Defiance Silver currently has a consensus rating of “Buy”.

Defiance Silver Price Performance

The company’s fifty day simple moving average is C$0.18 and its 200-day simple moving average is C$0.20. The firm has a market capitalization of C$50.78 million, a PE ratio of -13.50 and a beta of 2.98.

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.