Defiance Silver (CVE:DEF) Trading Up 21.4% – Should You Buy?

Defiance Silver Corp. (CVE:DEF) shares were up 21.4% during trading on Monday . The company traded as high as C$0.26 and last traded at C$0.26. Approximately 221,646 shares traded hands during trading, a decline of 48% from the average daily volume of 422,503 shares. The stock had previously closed at C$0.21.

Wall Street Analysts Forecast Growth

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

Defiance Silver Trading Up 21.4 %

The company has a market cap of C$69.42 million, a price-to-earnings 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. The business’s 50 day moving average price is C$0.26 and its 200-day moving average price is C$0.25.

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.