Defiance Silver (CVE:DEF) Trading 7.3% Higher - Here's What Happened

Key Points

• Shares rose 7.3% to C$0.22 on Friday, but trading volume was only 144,541 shares, a 91% drop from the average session volume.
• Director Paul Smith sold 106,002 shares at an average price of C$0.32, cutting his stake by 7.23%; corporate insiders now own 3.51% of the company.
• Defiance Silver is an exploration-stage miner targeting gold, copper and silver in Mexico, with a market cap of C$82.94 million, a negative P/E (-26.50) and a beta of 2.62.

Shares of Defiance Silver Corp. (CVE:DEF - ) traded up 7.3% during trading on Friday . The stock traded as high as C$0.22 and last traded at C$0.22. 144,541 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,660,750 shares. The stock had previously closed at C$0.21.

Defiance Silver Price Performance

The firm's 50-day moving average price is C$0.26 and its 200 day moving average price is C$0.26. The firm has a market capitalization of C$82.94 million, a price-to-earnings ratio of -26.50 and a beta of 2.62.

Insider Activity at Defiance Silver

In other news, Director Paul Smith sold 106,002 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of C$0.32, for a total value of C$33,920.64. Following the sale, the director directly owned 1,360,000 shares in the company, valued at C$435,200. This represents a 7.23% decrease in their ownership of the stock. 3.51% of the stock is owned by corporate insiders.

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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