Defiance Silver (CVE:DEF) Trading Up 7.4% – Should You Buy?

Defiance Silver Corp. (CVE:DEF) rose 7.4% on Monday . The stock traded as high as C$0.29 and last traded at C$0.29. Approximately 149,950 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 383,561 shares. The stock had previously closed at C$0.27.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DEF. HC Wainwright raised Defiance Silver to a “strong-buy” rating in a report on Thursday, December 12th. Northland Capmk upgraded shares of Defiance Silver to a “strong-buy” rating in a research note on Wednesday, January 15th.

Defiance Silver Stock Down 8.3 %

The company has a market capitalization of C$74.80 million, a price-to-earnings ratio of -22.28 and a beta of 2.95. The business has a fifty day simple moving average of C$0.25 and a two-hundred day simple moving average of C$0.25.

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.