Defiance Silver (CVE:DEF) Shares Up 17.2% - Should You Buy?

Key Points

• Defiance Silver Corp. (CVE:DEF) shares experienced a significant increase of 17.2%, trading at C$0.23, with a substantial trading volume that rose 324% from its average.
• The company's market capitalization stands at C$79.31 million with a negative P/E ratio of -11.25, indicating it is still in the exploration stage.
• Defiance Silver primarily focuses on acquiring and developing mineral properties in Mexico, targeting gold, copper, and silver deposits.

Defiance Silver Corp. (CVE:DEF - Get Free Report)'s stock price rose 17.2% during trading on Thursday . The stock traded as high as C$0.23 and last traded at C$0.23. Approximately 3,904,773 shares were traded during trading, an increase of 324% from the average daily volume of 920,772 shares. The stock had previously closed at C$0.19.

Defiance Silver Stock Down 9.6%

The stock 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 moving average is C$0.22 and its 200-day moving average is C$0.24.

About Defiance Silver

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.