Defiance Silver (CVE:DEF) Reaches New 52-Week Low – Should You Sell?

Defiance Silver Corp. (CVE:DEF) shares hit a new 52-week low on Friday. The stock traded as low as C$0.11 and last traded at C$0.11, with a volume of 538,895 shares trading hands. The stock had previously closed at C$0.12.

Analyst Upgrades and Downgrades

Separately, Maxim Group downgraded shares of Defiance Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Defiance Silver presently has a consensus rating of “Buy”.

Defiance Silver Price Performance

The stock has a market cap of C$43.30 million, a PE ratio of -11.50 and a beta of 2.57. The company’s fifty day moving average is C$0.16 and its 200 day moving average is C$0.22.

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.