Defiance Silver (CVE:DEF) Shares Down 6.8% – Here’s Why

Defiance Silver Corp. (CVE:DEF) shares dropped 6.8% on Monday . The company traded as low as C$0.21 and last traded at C$0.21. Approximately 822,365 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 2,058,598 shares. The stock had previously closed at C$0.22.

Defiance Silver Trading Down 6.8%

The stock has a market cap of C$75.57 million, a price-to-earnings ratio of -26.50 and a beta of 2.09. The company has a fifty day simple moving average of C$0.31 and a 200-day simple moving average of C$0.27.

Insider Buying and Selling at Defiance Silver

In other news, Director Paul Smith sold 106,002 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of C$0.32, for a total transaction of C$33,920.64. Following the sale, the director owned 1,360,000 shares in the company, valued at C$435,200. The trade was a 7.23% decrease in their ownership of the stock. 3.51% of the stock is currently owned by company insiders.

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.