Defiance Silver (CVE:DEF) Shares Down 6.8% – Here’s Why

Defiance Silver Corp. (CVE:DEF)’s stock price traded down 6.8% during trading on Monday . The stock traded as low as C$0.21 and last traded at C$0.21. 822,365 shares were traded during trading, a decline of 60% from the average session volume of 2,058,598 shares. The stock had previously closed at C$0.22.

Defiance Silver Stock Down 6.8%

The business has a 50-day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.27. The stock has a market capitalization of C$75.57 million, a price-to-earnings ratio of -26.50 and a beta of 2.09.

Insider Activity at Defiance Silver

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

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