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

Defiance Silver Corp. (CVE:DEF) shares traded up 32.4% on Thursday . The company traded as high as C$0.25 and last traded at C$0.25. 858,559 shares changed 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.

Analysts Set New Price Targets

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

Defiance Silver Stock Performance

The firm has a market cap of C$70.72 million, a P/E ratio of -21.06 and a beta of 2.95. The firm’s fifty day moving average is C$0.25 and its 200 day moving average is C$0.24.

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.