Defiance Silver (CVE:DEF) Shares Down 4.5% - What's Next?

Key Points

• Defiance Silver Corp.'s stock price decreased by 4.5% on Wednesday, trading as low as C$0.21 with a total volume of 1,795,840 shares, significantly higher than its average session volume.
• The company has a market capitalization of C$57.12 million and a price-to-earnings ratio of -17.01, indicating potential volatility in its stock performance.
• Despite the decline, Compass Point has raised its rating on Defiance Silver shares to a "strong-buy" in a recent research report, suggesting potential positive sentiment among analysts.

Defiance Silver Corp. (CVE:DEF - Get Free Report) shares were down 4.5% on Wednesday . The stock traded as low as C$0.21 and last traded at C$0.21. Approximately 1,795,840 shares were traded during mid-day trading, an increase of 111% from the average daily volume of 851,048 shares. The stock had previously closed at C$0.22.

Analyst Ratings Changes

Separately, Compass Point raised shares of Defiance Silver to a "strong-buy" rating in a research report on Thursday, April 24th.

Defiance Silver Price Performance

The firm has a market capitalization of C$58.48 million, a P/E ratio of -17.42 and a beta of 2.95. The business's 50-day moving average is C$0.25 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.