Defiance Silver (CVE:DEF) Reaches New 12-Month Low – Time to Sell?

Defiance Silver Corp. (CVE:DEF)’s stock price reached a new 52-week low during trading on Friday. The company traded as low as C$0.16 and last traded at C$0.15, with a volume of 633281 shares traded. The stock had previously closed at C$0.17.

Wall Street Analyst Weigh In

Separately, Maxim Group lowered shares of Defiance Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Defiance Silver Stock Performance

The company has a 50-day moving average of C$0.19 and a 200 day moving average of C$0.20. The firm has a market cap of C$60.19 million, a P/E ratio of -16.00 and a beta of 2.51.

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.