Defiance Silver (CVE:DEF) Trading Up 11.1% – Here’s Why

Defiance Silver Corp. (CVE:DEF) shares rose 11.1% during mid-day trading on Monday . The company traded as high as C$0.30 and last traded at C$0.30. Approximately 185,450 shares were traded during trading, a decline of 52% from the average daily volume of 384,570 shares. The stock had previously closed at C$0.27.

Analyst Ratings Changes

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

Defiance Silver Price Performance

The stock has a market capitalization of C$84.32 million, a P/E ratio of -25.11 and a beta of 2.95. The company has a 50 day simple moving average of C$0.24 and a 200-day simple moving average 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.