Defiance Silver (CVE:DEF) Shares Climb 3.8% – Here’s What Happened

Shares of Defiance Silver Corp. (CVE:DEF) traded up 3.8% on Wednesday. The company traded as high as C$0.14 and last traded at C$0.14. 900,807 shares were traded during trading, a decline of 8% from the average session volume of 979,222 shares. The stock had previously closed at C$0.13.

Analyst Ratings Changes

Separately, Maxim Group cut Defiance Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy”.

Defiance Silver Stock Up 3.8%

The firm’s 50-day moving average price is C$0.18 and its 200 day moving average price is C$0.20. The company has a market capitalization of C$50.78 million, a P/E ratio of -13.50 and a beta of 2.98.

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