Defiance Silver (CVE:DEF) Trading Up 11.1% – Here’s What Happened

Defiance Silver Corp. (CVE:DEF) traded up 11.1% on Monday . The company traded as high as C$0.31 and last traded at C$0.30. 377,700 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 388,697 shares. The stock had previously closed at C$0.27.

Analysts Set New Price Targets

Several research analysts have commented on the company. HC Wainwright raised Defiance Silver to a “strong-buy” rating in a report on Thursday, December 12th. Northland Capmk raised shares of Defiance Silver to a “strong-buy” rating in a research report on Wednesday, January 15th.

Defiance Silver Price Performance

The firm has a market cap of C$74.80 million, a price-to-earnings ratio of -22.28 and a beta of 2.95. The firm’s fifty day moving average is C$0.25 and its 200-day moving average 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.