Defiance Silver (CVE:DEF) Trading Up 32.4% – Should You Buy?

Defiance Silver Corp. (CVE:DEF) shares shot up 32.4% during trading on Thursday . The stock traded as high as C$0.25 and last traded at C$0.25. 858,559 shares traded hands during trading, an increase of 98% from the average session volume of 432,862 shares. The stock had previously closed at C$0.19.

Analysts Set New Price Targets

A number of research firms have commented on DEF. HC Wainwright upgraded shares of Defiance Silver to a “strong-buy” rating in a report on Thursday, December 12th. Northland Capmk upgraded Defiance Silver to a “strong-buy” rating in a research report on Wednesday, January 15th.

Defiance Silver Stock Performance

The stock has a market capitalization of C$66.64 million, a price-to-earnings ratio of -19.85 and a beta of 2.95. The business has a 50-day moving average of C$0.25 and a 200-day moving average of C$0.24.

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.