Defiance Silver (CVE:DEF) Sets New 12-Month Low – What’s Next?

Defiance Silver Corp. (CVE:DEF) shares reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as C$0.12 and last traded at C$0.13, with a volume of 415,504 shares. The stock had previously closed at C$0.13.

Wall Street Analyst Weigh In

Separately, Maxim Group cut shares of Defiance Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Defiance Silver Stock Performance

The firm has a fifty day simple moving average of C$0.18 and a 200-day simple moving average of C$0.19. The company has a market capitalization of C$47.02 million, a PE ratio of -12.50 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.