Defiance Silver (CVE:DEF) Reaches New 1-Year Low – Here’s Why

Defiance Silver Corp. (CVE:DEF) shares hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as C$0.13 and last traded at C$0.13, with a volume of 75,700 shares changing hands. The stock had previously closed at C$0.13.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Defiance Silver Price Performance

The business has a 50-day moving average of C$0.18 and a 200-day moving average of C$0.19. The company has a market capitalization of C$48.90 million, a P/E ratio of -13.00 and a beta of 2.98.

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.