Defiance Silver (CVE:DEF) Stock Price Up 3.8% – Still a Buy?

Defiance Silver Corp. (CVE:DEF) rose 3.8% during mid-day trading on Wednesday. The company traded as high as C$0.14 and last traded at C$0.14. 900,807 shares changed hands during trading, a decline of 8% from the average daily volume of 979,222 shares. The stock had previously closed at C$0.13.

Analyst Upgrades and Downgrades

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

Defiance Silver Price Performance

The firm has a fifty day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.19. The firm has a market capitalization of C$50.78 million, a P/E ratio of -13.50 and a beta of 2.98.

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. Defiance Silver Corp. was incorporated in 2007 and is based in Vancouver, Canada.