Defiance Silver (CVE:DEF) Trading 7.7% Higher

Defiance Silver Corp. (CVE:DEF)’s stock price shot up 7.7% during mid-day trading on Wednesday . The stock traded as high as C$0.22 and last traded at C$0.21. 205,270 shares changed hands during trading, a decline of 51% from the average session volume of 414,935 shares. The stock had previously closed at C$0.20.

Defiance Silver Stock Performance

The firm has a market cap of C$55.07 million, a PE ratio of -10.00 and a beta of 2.82. The business has a 50-day simple moving average of C$0.27 and a 200 day simple moving average of C$0.18. The company has a debt-to-equity ratio of 8.70, a current ratio of 0.78 and a quick ratio of 12.57.

Defiance Silver (CVE:DEF) last released its quarterly earnings results on Wednesday, May 15th. The company reported C$0.02 EPS for the quarter, topping the consensus estimate of C$0.01 by C$0.01. The company had revenue of C($4.92) million during the quarter, compared to analysts’ expectations of C$8.19 million.

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.