Defiance Silver (CVE:DEF) Reaches New 52-Week Low – Here’s Why

Defiance Silver Corp. (CVE:DEF)’s stock price hit a new 52-week low on Thursday . The company traded as low as C$0.16 and last traded at C$0.15, with a volume of 467978 shares changing hands. The stock had previously closed at C$0.17.

Defiance Silver Stock Performance

The firm has a market cap of C$58.30 million, a price-to-earnings ratio of -15.50 and a beta of 2.65. The company’s 50-day moving average is C$0.19 and its 200-day moving average is C$0.25.

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.