Defiance Silver (CVE:DEF) Stock Price Up 17.2% - Still a 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 - ) shares rose 17.2% on Thursday . The stock traded as high as C$0.23 and last traded at C$0.23. Approximately 3,904,773 shares traded hands 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 Up 16.6%

The company has a market cap of C$79.31 million, a P/E ratio of -11.25 and a beta of 0.88. The company's 50-day moving average is C$0.22 and its two-hundred 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.

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