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.

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

Analyst Upgrades and Downgrades

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

Defiance Silver Price Performance

The company has a market capitalization of C$58.48 million, a P/E ratio of -17.42 and a beta of 2.95. The firm has a fifty day moving average price of C$0.25 and a 200-day moving average price of C$0.25.

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.