Defiance Silver (CVE:DEF) Stock Price Down 14.9% - Here's What Happened

Key Points

• Defiance Silver Corp. shares dropped by 14.9% on Thursday, closing at C$0.20 after reaching a low of C$0.19.
• The trading volume was significantly higher, with 3.69 million shares changing hands, up 323% from the average volume of 871,438 shares.
• The company's market capitalization stands at C$70.50 million and holds a P/E ratio of -10.00, indicating challenges in profitability.

Defiance Silver Corp. (CVE:DEF - Get Free Report)'s share price traded down 14.9% during trading on Friday . The stock traded as low as C$0.19 and last traded at C$0.20. 3,690,396 shares changed 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 50-day simple moving average of C$0.22 and a 200 day simple moving average of C$0.24. The company has a market cap of C$70.50 million, a P/E ratio of -10.00 and a beta of 0.88.

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.