Defiance Silver (CVE:DEF) Shares Up 12% - Time to Buy?

Key Points

• Defiance Silver Corp. saw a 12% increase in stock price, closing at C$0.22 after trading as high as C$0.23 on Thursday.
• The volume of shares traded was approximately 3,566,026, representing a 288% increase from the average daily volume.
• The company specializes in exploring mineral properties in Mexico, mainly targeting gold, copper, and silver deposits.

Defiance Silver Corp. (CVE:DEF - Get Free Report) shot up 12% during mid-day trading on Thursday . The company traded as high as C$0.23 and last traded at C$0.22. 3,566,026 shares changed hands during trading, an increase of 288% from the average session volume of 919,620 shares. The stock had previously closed at C$0.19.

Defiance Silver Stock Performance

The company has a market cap of C$82.83 million, a price-to-earnings ratio of -11.75 and a beta of 0.88. The stock'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.