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

Key Points

• Defiance Silver Corp. shares experienced a significant drop of 14.9%, trading as low as C$0.19 before closing at C$0.20.
• The trading volume surged to approximately 3.69 million shares, which is a 323% increase from its average daily volume.
• The company, focused on exploring mineral properties in Mexico, has a market cap of C$70.50 million and a PE ratio of -10.00.

Defiance Silver Corp. (CVE:DEF - )'s share price dropped 14.9% on Thursday . The stock 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 Price Performance

The firm has a market cap of C$70.50 million, a PE ratio of -10.00 and a beta of 1.11. The stock has a 50-day moving average price of C$0.22 and a 200 day moving average price of 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.

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