Defiance Silver (CVE:DEF) Trading Down 14.9% - What's Next?

Key Points

• Defiance Silver Corp. shares fell by 14.9% during mid-day trading, closing at C$0.20 after hitting a low of C$0.19.
• Trading volume increased significantly, with approximately 3.69 million shares changing hands, compared to the average of 871,438 shares.
• The company has a market capitalization of C$70.50 million and operates primarily in the exploration of gold, copper, and silver deposits in Mexico.

Defiance Silver Corp. (CVE:DEF - ) shares were down 14.9% during mid-day trading on Friday . The company traded as low as C$0.19 and last traded at C$0.20. Approximately 3,690,396 shares traded hands during trading, an increase of 323% from the average daily volume of 871,438 shares. The stock had previously closed at C$0.24.

Defiance Silver Trading Down 14.9%

The firm has a market cap of C$70.50 million, a P/E ratio of -10.00 and a beta of 1.11. The business has a 50-day moving average price of C$0.22 and a 200-day moving average price of 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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