Defiance Silver (CVE:DEF) Hits New 1-Year Low – Should You Sell?

Defiance Silver Corp. (CVE:DEF) reached a new 52-week low on Thursday. The stock traded as low as C$0.13 and last traded at C$0.14, with a volume of 184279 shares trading hands. The stock had previously closed at C$0.14.

Wall Street Analysts Forecast Growth

Separately, Maxim Group cut shares of Defiance Silver from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Defiance Silver Stock Performance

The company has a market capitalization of C$50.78 million, a P/E ratio of -13.50 and a beta of 2.98. The company has a 50-day simple moving average of C$0.18 and a 200 day simple moving average of C$0.20.

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.