Defiance Silver (CVE:DEF) Stock Price Up 23.2% – Here’s What Happened

Defiance Silver Corp. (CVE:DEF)’s share price rose 23.2% during mid-day trading on Tuesday . The stock traded as high as C$0.35 and last traded at C$0.35. Approximately 5,723,263 shares changed hands during trading, an increase of 271% from the average daily volume of 1,542,969 shares. The stock had previously closed at C$0.28.

Wall Street Analyst Weigh In

Separately, Benchmark raised Defiance Silver to a “strong-buy” rating in a report on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Defiance Silver presently has a consensus rating of “Strong Buy”.

Defiance Silver Stock Performance

The stock’s fifty day moving average price is C$0.23 and its 200-day moving average price is C$0.23. The firm has a market cap of C$112.85 million, a PE ratio of -31.00 and a beta of 2.11.

Defiance Silver Company Profile

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. Defiance Silver Corp. was incorporated in 2007 and is based in Vancouver, Canada.