Defiance Silver (CVE:DEF) Stock Price Up 32.4% – Here’s What Happened

Defiance Silver Corp. (CVE:DEF) shares were up 32.4% during mid-day 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 trading, an increase of 98% from the average daily volume of 432,862 shares. The stock had previously closed at C$0.19.

Analyst Ratings Changes

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

Defiance Silver Trading Up 6.1 %

The business has a 50 day moving average of C$0.25 and a two-hundred day moving average of C$0.24. The firm has a market cap of C$70.72 million, a P/E ratio of -21.06 and a beta of 2.95.

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.