Defiance Silver (CVE:DEF) Shares Down 12.5% – Here’s Why

Shares of Defiance Silver Corp. (CVE:DEF) traded down 12.5% on Wednesday . The stock traded as low as C$0.24 and last traded at C$0.25. 2,110,942 shares traded hands during trading, an increase of 83% from the average session volume of 1,150,665 shares. The stock had previously closed at C$0.28.

Wall Street Analysts Forecast Growth

Separately, Benchmark raised Defiance Silver to a “strong-buy” rating in a research report on Friday, November 21st. Three equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Defiance Silver Price Performance

The business’s 50-day moving average is C$0.22 and its two-hundred day moving average is C$0.23. The firm has a market cap of C$91.00 million, a P/E ratio of -25.00 and a beta of 1.66.

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.