Defiance Silver (CVE:DEF) Stock Price 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 - ) rose 12% during trading on Thursday . The company traded as high as C$0.23 and last traded at C$0.22. Approximately 3,566,026 shares changed hands during trading, an increase of 288% from the average daily volume of 919,620 shares. The stock had previously closed at C$0.19.

Defiance Silver Stock Up 16.6%

The business's 50-day simple moving average is C$0.22 and its 200 day simple moving average is C$0.24. The firm has a market capitalization of C$79.31 million, a P/E ratio of -11.25 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.

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