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

Key Points

• Defiance Silver Corp. shares fell 14.9%, trading down to C$0.20 from a previous close of C$0.24.
• Trading volume surged by 323%, with approximately 3.69 million shares changing hands.
• The company specializes in the acquisition and exploration of mineral properties in Mexico, focusing primarily on gold, copper, and silver deposits.

Shares of Defiance Silver Corp. (CVE:DEF - Get Free Report) dropped 14.9% during trading on Thursday . 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 Up 7.2%

The company has a market cap of C$68.03 million, a price-to-earnings ratio of -9.65 and a beta of 0.88. The business's fifty day simple moving average is C$0.22 and its two-hundred day simple moving average is 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.