Defiance Silver (CVE:DEF) Trading 14.6% Higher - Here's What Happened

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.

Shares of Defiance Silver Corp. (CVE:DEF - ) traded up 14.6% during trading on Thursday . The stock traded as high as C$0.23 and last traded at C$0.22. 3,372,942 shares changed 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 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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