Defiance Silver (CVE:DEF) Trading Up 23.2% – Time to Buy?

Defiance Silver Corp. (CVE:DEF) shot up 23.2% during mid-day trading on Tuesday . The company traded as high as C$0.35 and last traded at C$0.35. 5,723,263 shares changed hands during mid-day trading, an increase of 271% from the average session volume of 1,542,969 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 note on Friday, November 21st. Three investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Defiance Silver Price Performance

The company has a market capitalization of C$123.77 million, a P/E ratio of -34.00 and a beta of 2.11. The company has a fifty day simple moving average of C$0.23 and a two-hundred day simple moving average of C$0.23.

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.