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

Defiance Silver Corp. (CVE:DEF)’s share price dropped 12.5% during trading on Wednesday . The company traded as low as C$0.24 and last traded at C$0.25. Approximately 1,709,442 shares traded hands during trading, an increase of 49% from the average daily volume of 1,149,767 shares. The stock had previously closed at C$0.28.

Analyst Ratings Changes

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

Defiance Silver Stock Performance

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

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.