Defiance Silver (CVE:DEF) Shares Down 6.3% – What’s Next?

Defiance Silver Corp. (CVE:DEF)’s share price fell 6.3% during mid-day trading on Friday . The company traded as low as C$0.29 and last traded at C$0.30. 193,529 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 403,575 shares. The stock had previously closed at C$0.32.

Wall Street Analyst Weigh In

Separately, Maxim Group upgraded shares of Defiance Silver to a “strong-buy” rating in a research report on Friday, October 11th.

Defiance Silver Stock Performance

The firm’s 50-day moving average is C$0.27 and its 200 day moving average is C$0.25. The stock has a market cap of C$78.95 million, a PE ratio of -10.00 and a beta of 2.95. The company has a debt-to-equity ratio of 8.70, a quick ratio of 12.57 and a current ratio of 2.41.

Defiance Silver (CVE:DEF) last announced its quarterly earnings data on Wednesday, August 14th. The company reported C$0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.05 by C$0.22. The firm had revenue of C$133.17 million during the quarter, compared to analyst estimates of C$23.39 million.

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.