Defiance Silver (CVE:DEF) Trading 11.1% Higher – Still a Buy?

Shares of Defiance Silver Corp. (CVE:DEF) rose 11.1% during mid-day trading on Monday . The company traded as high as C$0.30 and last traded at C$0.30. Approximately 185,450 shares were traded during trading, a decline of 52% from the average daily volume of 384,570 shares. The stock had previously closed at C$0.27.

Wall Street Analyst Weigh In

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

Defiance Silver Stock Up 14.8 %

The firm’s 50-day simple moving average is C$0.24 and its 200-day simple moving average is C$0.24. The firm has a market capitalization of C$84.32 million, a P/E ratio of -25.11 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.