Defiance Silver (CVE:DEF) Shares Down 4.7% – Time to Sell?

Defiance Silver Corp. (CVE:DEF)’s stock price was down 4.7% during mid-day trading on Thursday . The company traded as low as C$0.20 and last traded at C$0.21. Approximately 880,750 shares traded hands during trading, a decline of 42% from the average daily volume of 1,529,925 shares. The stock had previously closed at C$0.22.

Defiance Silver Stock Performance

The business has a 50-day moving average of C$0.23 and a 200-day moving average of C$0.26. The stock has a market capitalization of C$71.89 million, a price-to-earnings ratio of -26.50 and a beta of 2.64.

Insider Buying and Selling

In related news, Director Paul Smith sold 106,002 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of C$0.32, for a total transaction of C$33,920.64. Following the completion of the transaction, the director directly owned 1,360,000 shares in the company, valued at C$435,200. This trade represents a 7.23% decrease in their position. 3.51% of the stock is 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.