Defiance Silver (CVE:DEF) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Defiance Silver Corp. (CVE:DEF)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.24 and traded as low as C$0.21. Defiance Silver shares last traded at C$0.21, with a volume of 717,362 shares trading hands.

Defiance Silver Stock Down 3.3%

The firm’s 50 day simple moving average is C$0.24 and its 200 day simple moving average is C$0.26. The company has a market cap of C$76.68 million, a price-to-earnings ratio of -26.50 and a beta of 2.64.

Insider Activity at Defiance Silver

In other Defiance Silver news, Director Paul Smith sold 106,002 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of C$0.32, for a total value of C$33,920.64. Following the sale, the director owned 1,360,000 shares in the company, valued at approximately C$435,200. This trade represents a 7.23% decrease in their ownership of the stock. Insiders own 3.51% of the company’s stock.

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. Defiance Silver Corp. was incorporated in 2007 and is based in Vancouver, Canada.