Defiance Silver (CVE:DEF) Hits New 1-Year High – Time to Buy?

Shares of Defiance Silver Corp. (CVE:DEF) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$0.37 and last traded at C$0.33, with a volume of 2760010 shares. The stock had previously closed at C$0.34.

Analyst Upgrades and Downgrades

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

Defiance Silver Stock Down 3.0%

The stock has a market capitalization of C$118.31 million, a PE ratio of -32.50 and a beta of 2.11. The business’s fifty day moving average is C$0.23 and its two-hundred day moving average is C$0.23.

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.