Defiance Silver (CVE:DEF) Trading 12.8% Higher – Still a Buy?

Defiance Silver Corp. (CVE:DEF)’s stock price traded up 12.8% on Friday . The company traded as high as C$0.27 and last traded at C$0.27. 145,473 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 353,685 shares. The stock had previously closed at C$0.24.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Northland Capmk upgraded shares of Defiance Silver to a “strong-buy” rating in a research report on Wednesday, January 15th. HC Wainwright upgraded shares of Defiance Silver to a “strong-buy” rating in a research report on Thursday, December 12th.

Defiance Silver Stock Performance

The company has a market capitalization of C$68.00 million, a PE ratio of -20.25 and a beta of 2.95. The firm’s 50-day simple moving average is C$0.21 and its 200 day simple moving average is C$0.24.

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.