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

Key Points

• Defiance Silver Corp. (CVE:DEF) experienced a significant drop in stock price, down 14.9% during trading on Friday, with shares trading as low as C$0.19.
• Trading volume surged to approximately 3.69 million shares, which is an increase of 323% compared to the average daily volume.
• The company's market capitalization is C$70.50 million, and it primarily focuses on exploring mineral properties for gold, copper, and silver deposits in Mexico.

Defiance Silver Corp. (CVE:DEF - Get Free Report)'s stock price traded 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. 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 Price Performance

The stock has a 50-day simple moving average of C$0.22 and a 200-day simple moving average of C$0.24. The firm has a market capitalization of C$70.50 million, a PE 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.