Defiance Silver (CVE:DEF) Stock Price Up 23.2% - What's Next?

Key Points

• Defiance Silver shares rose 23.2% to C$0.35 on Tuesday, with volume surging ~271% to about 5.72 million shares versus an average of 1.54 million.
• Analyst sentiment improved: Benchmark upgraded the stock to a "strong-buy" and three analysts now give Defiance Silver a consensus "Strong Buy" rating.
• Company and valuation snapshot: The exploration-stage miner focused on gold, copper and silver in Mexico has a market cap of C$123.77M, a negative P/E of -34 and a beta of 2.11, with 50- and 200-day SMAs at C$0.23.

Defiance Silver Corp. (CVE:DEF - Get Free Report) rose 23.2% during trading on Tuesday . The stock traded as high as C$0.35 and last traded at C$0.35. Approximately 5,723,263 shares changed hands during trading, an increase of 271% from the average daily volume of 1,542,969 shares. The stock had previously closed at C$0.28.

Analyst Upgrades and Downgrades

Separately, Benchmark upgraded Defiance Silver to a "strong-buy" rating in a report on Friday, November 21st. Three investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Defiance Silver has a consensus rating of "Strong Buy".

Defiance Silver Trading Up 21.4%

The firm has a market capitalization of C$123.77 million, a PE ratio of -34.00 and a beta of 2.11. The business's 50 day simple moving average is C$0.23 and its two-hundred day simple moving average is C$0.23.

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. Defiance Silver Corp. was incorporated in 2007 and is based in Vancouver, Canada.

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