Defiance Silver (CVE:DEF) Shares Up 32.4% – Still a Buy?

Shares of Defiance Silver Corp. (CVE:DEF) rose 32.4% during mid-day trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.25. Approximately 858,559 shares traded hands during trading, an increase of 98% from the average daily volume of 432,862 shares. The stock had previously closed at C$0.19.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. HC Wainwright upgraded shares of Defiance Silver to a “strong-buy” rating in a research note on Thursday, December 12th. Northland Capmk upgraded Defiance Silver to a “strong-buy” rating in a research report on Wednesday, January 15th.

Defiance Silver Price Performance

The firm’s fifty day moving average price is C$0.25 and its two-hundred day moving average price is C$0.24. The stock has a market cap of C$66.64 million, a price-to-earnings ratio of -19.85 and a beta of 2.95.

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.