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

Defiance Silver Corp. (CVE:DEF)’s share price was down 12.5% during mid-day trading on Wednesday . The company traded as low as C$0.24 and last traded at C$0.25. Approximately 2,110,942 shares changed hands during mid-day trading, an increase of 83% from the average daily volume of 1,150,665 shares. The stock had previously closed at C$0.28.

Analysts Set New Price Targets

Separately, Benchmark raised shares of Defiance Silver to a “strong-buy” rating in a report on Friday, November 21st. Three 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 Stock Down 10.7%

The stock has a market cap of C$91.00 million, a P/E ratio of -25.00 and a beta of 1.66. The company’s 50 day moving average price is C$0.22 and its 200-day moving average price is C$0.23.

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.