Defiance Silver (CVE:DEF) Shares Down 9.6% - What's Next?

Key Points

• Defiance Silver Corp. shares fell by 9.6%, closing at C$0.24 after trading as low as C$0.23, with a significant increase in trading volume.
• The company's market capitalization is C$82.83 million, with a P/E ratio of -11.75, indicating negative earnings.
• Defiance Silver focuses on exploring and developing mineral properties in Mexico, primarily targeting gold, copper, and silver deposits.

Defiance Silver Corp. (CVE:DEF - )'s stock price fell 9.6% during trading on Friday . The company traded as low as C$0.23 and last traded at C$0.24. 3,192,535 shares were traded during mid-day trading, an increase of 198% from the average session volume of 1,071,959 shares. The stock had previously closed at C$0.26.

Defiance Silver Trading Down 9.6%

The business's fifty day moving average price is C$0.23 and its 200-day moving average price is C$0.24. The company has a market capitalization of C$82.83 million, a P/E ratio of -11.75 and a beta of 1.00.

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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