Defiance Silver (CVE:DEF) Sets New 12-Month Low – Time to Sell?

Defiance Silver Corp. (CVE:DEF) shares hit a new 52-week low during mid-day trading on Monday. The stock traded as low as C$0.10 and last traded at C$0.11, with a volume of 688,333 shares changing hands. The stock had previously closed at C$0.12.

Analysts Set New Price Targets

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 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.com, the stock has an average rating of “Buy”.

Defiance Silver Price Performance

The business has a 50 day simple moving average of C$0.17 and a 200 day simple moving average of C$0.22. The company has a market capitalization of C$41.38 million, a price-to-earnings ratio of -11.00 and a beta of 2.98.

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.