Defiance Silver (CVE:DEF) Shares Down 14.9% - Here's Why

Key Points

• Defiance Silver Corp. shares experienced a significant drop of 14.9%, trading as low as C$0.19 on Friday.
• Trading volume surged to 3,690,396 shares, marking a 323% increase compared to its average volume of 871,438 shares.
• The company's market capitalization stands at C$70.50 million, with a price-to-earnings ratio of -10.00.

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

Defiance Silver Stock Performance

The company has a market cap of C$70.50 million, a price-to-earnings ratio of -10.00 and a beta of 1.11. The stock's fifty day simple moving average is C$0.22 and its two-hundred day simple 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.

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