Defiance Silver (CVE:DEF) Reaches New 52-Week Low – What’s Next?

Defiance Silver Corp. (CVE:DEF)’s stock price reached a new 52-week low on Friday. The stock traded as low as C$0.11 and last traded at C$0.11, with a volume of 538,895 shares changing hands. The stock had previously closed at C$0.12.

Analyst Upgrades and Downgrades

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

Defiance Silver Price Performance

The stock’s 50 day simple moving average is C$0.15 and its 200-day simple moving average is C$0.21. The stock has a market capitalization of C$43.30 million, a price-to-earnings ratio of -11.50 and a beta of 2.57.

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. Defiance Silver Corp. was incorporated in 2007 and is based in Vancouver, Canada.