Defiance Silver (CVE:DEF) Shares Down 14.9% - Should You Sell?

Key Points

• Defiance Silver Corp. shares dropped 14.9% to C$0.20, significantly below the previous closing price of C$0.24.
• Trading volume surged to 3,690,396 shares, marking a 323% increase from the average session volume.
• The company, focused on mineral exploration primarily in Mexico, has a market capitalization of C$70.50 million with a PE ratio of -10.00.

Defiance Silver Corp. (CVE:DEF - Get Free Report) was down 14.9% on Friday . The company traded as low as C$0.19 and last traded at C$0.20. Approximately 3,690,396 shares traded hands during trading, an increase of 323% from the average daily volume of 871,438 shares. The stock had previously closed at C$0.24.

Defiance Silver Stock Performance

The firm has a market capitalization of C$70.50 million, a PE ratio of -10.00 and a beta of 0.88. The business has a fifty day moving average price of C$0.22 and a two-hundred day moving average price of 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.