Defiance Silver (CVE:DEF) Shares Down 12.5% – Time to Sell?

Shares of Defiance Silver Corp. (CVE:DEF) dropped 12.5% during mid-day trading on Wednesday . The company traded as low as C$0.24 and last traded at C$0.25. Approximately 2,110,942 shares changed hands during mid-day trading, an increase of 83% from the average daily volume of 1,150,665 shares. The stock had previously closed at C$0.28.

Analyst Upgrades and Downgrades

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

Defiance Silver Stock Down 12.5%

The business’s fifty day moving average price is C$0.22 and its 200 day moving average price is C$0.23. The firm has a market capitalization of C$89.18 million, a PE ratio of -24.50 and a beta of 1.66.

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.