Defiance Silver (CVE:DEF) Stock Price Up 3.8% – Time to Buy?

Defiance Silver Corp. (CVE:DEF) traded up 3.8% during mid-day trading on Wednesday. The stock traded as high as C$0.14 and last traded at C$0.14. Approximately 900,807 shares changed hands during trading, a decline of 8% from the average daily volume of 979,222 shares. The stock had previously closed at C$0.13.

Analyst Ratings Changes

Separately, Maxim Group cut Defiance Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Defiance Silver Stock Up 3.8%

The company has a market cap of C$50.78 million, a P/E ratio of -13.50 and a beta of 2.98. The firm’s 50 day moving average is C$0.18 and its two-hundred day moving average is C$0.20.

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.