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

Shares of Defiance Silver Corp. (CVE:DEF) rose 32.4% during trading on Wednesday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 858,559 shares were traded 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.

Analysts Set New Price Targets

Several brokerages recently issued reports on DEF. Northland Capmk raised shares of Defiance Silver to a “strong-buy” rating in a report on Wednesday, January 15th. HC Wainwright raised shares of Defiance Silver to a “strong-buy” rating in a research note on Thursday, December 12th.

Defiance Silver Stock Up 32.4 %

The stock has a market capitalization of C$66.64 million, a price-to-earnings ratio of -19.85 and a beta of 2.95. The stock has a 50 day moving average price of C$0.25 and a 200 day moving average price of C$0.24.

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.