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

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

Analyst Upgrades and Downgrades

Separately, Northland Capmk upgraded Defiance Silver to a “strong-buy” rating in a research note on Wednesday, January 15th.

Defiance Silver Price Performance

The stock has a market cap of C$70.72 million, a price-to-earnings ratio of -21.06 and a beta of 2.95. The company’s fifty day moving average price is C$0.25 and its 200-day moving average price is 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.