Defiance Silver (CVE:DEF) Reaches New 52-Week Low – What’s Next?

Defiance Silver Corp. (CVE:DEF) shares reached a new 52-week low during trading on Friday. The company traded as low as C$0.11 and last traded at C$0.11, with a volume of 538,895 shares. The stock had previously closed at C$0.12.

Wall Street Analyst Weigh In

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

Defiance Silver Price Performance

The company has a market cap of C$43.30 million, a price-to-earnings ratio of -11.50 and a beta of 2.57. The company has a fifty day simple moving average of C$0.16 and a two-hundred day simple moving average of C$0.22.

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.