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

Key Points

• Defiance Silver Corp. shares fell by 14.9% during mid-day trading, with the stock trading as low as C$0.19 before closing at C$0.20.
• Trading volume surged to approximately 3.69 million shares, which is a 323% increase from the average daily volume.
• The company has a market capitalization of C$70.50 million and operates primarily in Mexico, focusing on the exploration of gold, copper, and silver deposits.

Shares of Defiance Silver Corp. (CVE:DEF - Get Free Report) were down 14.9% during mid-day trading on Friday . The company traded as low as C$0.19 and last traded at C$0.20. Approximately 3,690,396 shares were traded 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 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.