Defiance Silver (CVE:DEF) Trading Down 6.5% – Should You Sell?

Defiance Silver Corp. (CVE:DEF)’s share price traded down 6.5% during mid-day trading on Friday . The stock traded as low as C$0.21 and last traded at C$0.22. 229,750 shares changed hands during trading, a decline of 46% from the average session volume of 424,624 shares. The stock had previously closed at C$0.23.

Analysts Set New Price Targets

DEF has been the subject of a number of analyst reports. HC Wainwright upgraded shares of Defiance Silver to a “strong-buy” rating in a research note on Thursday. Maxim Group upgraded Defiance Silver to a “strong-buy” rating in a report on Friday, October 11th.

Defiance Silver Trading Down 4.3 %

The company has a market cap of C$59.90 million, a price-to-earnings ratio of -10.00 and a beta of 2.95. The company has a quick ratio of 12.57, a current ratio of 2.41 and a debt-to-equity ratio of 8.70. The business’s fifty day simple moving average is C$0.26 and its two-hundred day simple moving average is 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.