Defiance Silver (CVE:DEF) Reaches New 1-Year Low – Time to Sell?

Defiance Silver Corp. (CVE:DEF)’s stock price reached a new 52-week low on Wednesday. The company traded as low as C$0.12 and last traded at C$0.13, with a volume of 415,504 shares changing hands. The stock had previously closed at C$0.13.

Wall Street Analysts Forecast Growth

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

Defiance Silver Stock Down 3.8%

The stock has a market capitalization of C$47.02 million, a price-to-earnings ratio of -12.50 and a beta of 2.98. The company has a 50 day moving average of C$0.18 and a 200 day moving average of C$0.19.

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.