Defiance Silver (CVE:DEF) Stock Price Up 23.2% – Still a Buy?

Defiance Silver Corp. (CVE:DEF)’s share price was up 23.2% during trading on Tuesday . The company traded as high as C$0.37 and last traded at C$0.35. Approximately 8,147,033 shares changed hands during trading, an increase of 225% from the average daily volume of 2,509,638 shares. The stock had previously closed at C$0.28.

Wall Street Analyst Weigh In

Separately, Benchmark upgraded shares of Defiance Silver to a “strong-buy” rating in a research report on Friday, November 21st. Three equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Defiance Silver has an average rating of “Strong Buy”.

Defiance Silver Stock Up 19.6%

The business’s fifty day moving average is C$0.23 and its 200 day moving average is C$0.23. The stock has a market cap of C$121.95 million, a PE ratio of -33.50 and a beta of 2.11.

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. Defiance Silver Corp. was incorporated in 2007 and is based in Vancouver, Canada.