Defiance Silver (CVE:DEF) Shares Up 14.6% - Should You Buy?

Key Points

• Defiance Silver Corp. shares surged 14.6% during trading, reaching a high of C$0.23 and last trading at C$0.22, showing a significant increase in trading volume.
• The company's market capitalization is C$79.31 million with a P/E ratio of -11.25, indicating a deeply negative earnings performance.
• Defiance Silver is primarily focused on acquiring and exploring mineral properties in Mexico, targeting deposits of gold, copper, and silver.

Defiance Silver Corp. (CVE:DEF - Get Free Report) shares traded up 14.6% during mid-day trading on Thursday . The stock traded as high as C$0.23 and last traded at C$0.22. 3,372,942 shares traded hands during mid-day trading, an increase of 267% from the average session volume of 918,415 shares. The stock had previously closed at C$0.19.

Defiance Silver Trading Down 9.6%

The stock has a market capitalization of C$82.83 million, a PE ratio of -11.75 and a beta of 0.88. The firm'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.