Defiance Silver (CVE:DEF) Shares Up 32.4% – Here’s Why

Shares of Defiance Silver Corp. (CVE:DEF) shot up 32.4% during mid-day trading on Wednesday . The stock traded as high as C$0.25 and last traded at C$0.25. 858,559 shares changed 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

Several research analysts have recently commented on DEF shares. HC Wainwright raised Defiance Silver to a “strong-buy” rating in a research report on Thursday, December 12th. Northland Capmk raised Defiance Silver to a “strong-buy” rating in a research report on Wednesday, January 15th.

Defiance Silver Stock Up 6.1 %

The stock has a market cap of C$70.72 million, a PE ratio of -21.06 and a beta of 2.95. The business has a 50 day moving average price of C$0.25 and a 200 day moving average price 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.