Defiance Silver (CVE:DEF) Stock Price Down 6.8% – Here’s What Happened

Defiance Silver Corp. (CVE:DEF)’s stock price was down 6.8% on Thursday . The company traded as low as C$0.21 and last traded at C$0.21. Approximately 398,239 shares traded hands during trading, a decline of 8% from the average daily volume of 434,083 shares. The stock had previously closed at C$0.22.

Analysts Set New Price Targets

Separately, Maxim Group raised Defiance Silver to a “strong-buy” rating in a research report on Friday, October 11th.

Defiance Silver Trading Up 10.0 %

The firm’s 50-day moving average price is C$0.27 and its 200-day moving average price is C$0.26. The company has a quick ratio of 12.57, a current ratio of 2.41 and a debt-to-equity ratio of 8.70. The company has a market cap of C$59.90 million, a P/E ratio of -10.00 and a beta of 2.95.

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.