Defiance Silver (CVE:DEF) Trading 7.4% Higher – What’s Next?

Shares of Defiance Silver Corp. (CVE:DEF) traded up 7.4% during trading on Monday . The company traded as high as C$0.29 and last traded at C$0.29. 149,950 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 383,561 shares. The stock had previously closed at C$0.27.

Wall Street Analyst Weigh In

DEF has been the subject of a number of research analyst reports. 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 report on Thursday, December 12th.

Defiance Silver Stock Up 14.8 %

The stock’s 50-day simple moving average is C$0.24 and its two-hundred day simple moving average is C$0.24. The company has a market capitalization of C$84.32 million, a price-to-earnings ratio of -25.11 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.